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10 Reasons to Consider a Donor-Advised Fund at CFT

September, 16 2019
Donor-advised funds are the fastest-growing giving method in the nation because they provide ease and flexibility and are more affordable, tax-wise alternatives to managing a private foundation. You can establish a donor-advised fund at CFT with a gift of $10,000 to $100 million or more. Here are our top 10 reasons to consider opening a donor-advised fund at Communities Foundation of Texas.

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1. Easy to establish and use

It takes only minutes to open a fund at CFT, and you get the full benefit of your charitable contribution when the fund is established. Add to your fund and recommend grants through our online portal at any time.

2. Give a variety of assets

CFT accepts many assets including cash, stock and real estate. Plus, you leverage tax deductions and eliminate capital gains taxes when gifting appreciated assets. The proceeds from these gifts are invested for tax-free growth.

3. "Bunching" is easier

“Bunching” allows you to contribute multiple years’ worth of charitable giving in a single year and receive an immediate tax deduction to surpass the itemization threshold, while continuing to give to the organizations you care about in a consistent way.

4. Engage generations

Name your children or grandchildren as advisors to the fund and make giving decisions together as a family, passing on your values and philanthropy.

5. Partner with a local expert

CFT has extensive knowledge of thousands of  nonprofits and is committed to making a difference  in our community.

6. No required grant timeline

Make a gift today and then recommend grants over time. A donor-advised fund at CFT also offers flexibility when unique tax events arise.

7. Give anonymously

When you give through your donor-advised fund, you may choose to remain anonymous on any particular grant or all grants.

8. Leave a legacy

Utilize a donor-advised fund similarly to a private family foundation. We can help you build plans for involving family, or create a succession plan. You can provide direction to CFT to support your favorite causes on your behalf, ensuring evolving community needs will continue to be addressed well beyond your lifetime.


9. One tax receipt

When you give annually to your donor-advised fund, it’s one tax receipt for your records. You can then make grants to as many beneficiaries as you would like without having to keep up with the paperwork.

10. Automate your giving

When you give through a donor-advised fund at CFT, you may choose to automate your recurring giving by scheduling grants monthly, quarterly or annually.
 
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