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Donor Advised Funds

These Funds are often an attractive alternative to the creation of a private foundation. Donors receive a 100% tax deduction for the original, and any subsequent, gifts. In subsequent years, they may suggest deserving charities to benefit from Fund income or, if desired, principal. Grants are then made, in the name of the Fund, to favored charities.

While legal control of the Fund rests with The Greater Kanawha Valley Foundation, donors can be assured their advice is taken seriously. Investments, paperwork, and grant monitoring are all handled by The Foundation, with recognition flowing to the donor. 

A Donor-Advised Fund is established by a donor with a gift of cash or assets. The donor then recommends qualified 501c3 charities to receive distributions. The donor may make additional contributions, and will continue to recommend grants for the life of the fund.

In The News

April 03, 2012

 
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The Greater Kanawha Valley Foundation - 1600 Huntington Square, 900 Lee St. E., Charleston, WV 25301 - [P] 304-346-3620 - [F] 304-346-3640 - tgkvf@tgkvf.org

Confirmed in Compliance with National Standards for U.S. Community Foundations