Donor-Advised Fund

A donor-advised fund can provide you with immediate tax benefits while making your charitable giving easier for years to come. Might a donor-advised fund be right for you? Here’s how it works.

You establish a fund at TMF. The minimum contribution to start a fund at TMF is $10,000. You make an initial contribution to start your fund of cash or appreciated assets such as stocks or mutual funds. You get an immediate income tax deduction. TMF will let you name your fund.

Once established, you suggest to TMF your favorite public charities you wish to receive grants from your fund. The grants can be relatively modest or for larger projects such as a capital campaign or a new building. You do not get an additional tax deduction for these grants. You can also suggest which charities you want to have any remaining assets in your fund at your passing. TMF is grateful for such gifts.