Why is giving to the foundation better than donors managing their own gifts to charity?
The Foundation offers advantages to potential donors:
The foundation is able to manage funds in ways that are not practical for the average donor. For example, you can create a named scholarship fund to honour an individual in prepetuity
- Long after donors have passed on, their gifts will be managed as they directed
- If a gift is in the form of securities, there may be a unique tax advantage to a donor gifting to the Foundation
- By combining gifts, the foundation is able to gain the advantage of professional managed funds.
- A full accounting of the disposition of all grants is provided each year by the foundation