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Opening a Donor Advised Fund allows you or your family to make a gift to the Foundation, then remain actively involved in directing your gift to the causes or nonprofit organizations you care about most. A Donor Advised Fund is a simple, powerful, and highly personal approach to giving.
How it works:
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You make a tax-deductable gift to the Community Foundation of Santa Cruz County— you can give cash, stocks, real estate or other assets. The minimum to start a fund is $25,000. You may add to your fund at any time, receiving tax benefits with each new gift.
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We set up a special fund in your name, in the name of your family or in honor of any person or organization you select. (You may also give anonymously, of course.)
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You recommend grants from your fund at any time via Donor Central online, or by email, fax or regular mail. Designate your favorite nonprofits or work with our professional staff to target the community needs you care about.
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We handle all the administrative details and issue grants to nonprofits in the name of your fund.
Your fund is expertly invested.
You will receive quarterly statements showing investment performance, fees and grantmaking activity. You can also view your fund activity online.
E-mail Randy Balogh, Director of Philanthropic Services or call (831) 477-0800 ext. 202 for more information or to set up a private consultation.
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