Harness the Giving Power of a Private Foundation
A donor advised fund, which is like a charitable savings account, gives you the flexibility to recommend how much and how often money is granted to The Presbyterian Homes Foundation, Inc. and other charities.
You transfer cash or other assets to a tax-exempt sponsoring organization such as a public foundation. You can then recommend—but not direct—how much and how often money is granted. You can create a lasting legacy by naming your loved ones as your successor to continue to recommend grants to charitable organizations, or name The Presbyterian Homes Foundation, Inc. as a beneficiary to receive all or part of the account after your lifetime. With a donor advised fund, you also avoid the cost and complexities of managing a private foundation.
In return, you qualify for a federal income tax charitable deduction at the time you contribute to the account. This also allows for a centralized giving and record-keeping system in one location.