"Establishing our donor advised fund with GLCF is one of the most meaningful things we’ve ever done. The good feeling that accompanies giving is amplified, knowing we’ve created something that will always help Lynchburg long after we’re gone. We’ve gotten a lot of pleasure directing the funds to things we’re passionate about, so it feels very personal. Our fund isn’t huge, but we are excited to help it grow every year."
--Annie Harris Massie Winstead & Alex McIver Winstead
Annie Harris Massie and Alexander McIver Winstead Fund
A donor-advised fund ("DAF") through the Greater Lynchburg Community Foundation provides a simple, flexible, and tax-efficient way to streamline your charitable giving.
You make a gift to establish the fund and then remain actively involved in suggesting grants from the fund to the nonprofit organizations you wish to support.
The ease of use and potential tax advantages make donor-advised funds the fastest-growing charitable giving vehicle in the nation.
Advantages of a DAF at the GLCF
- We handle all the administrative details and issue grants to charities in the name of the fund you establish. (If you prefer, grants can be made anonymously.)
- Your gift can be placed into an endowment that is invested over time. Earnings from your fund are used to make grants addressing community needs.
- Your gift—and all future earnings from your gift—is a permanent source of community capital, helping to do good work forever.
- Donor-advised funds offer simplified record-keeping. You have one tax receipt for the gift you make to your fund in place of multiple receipts from the nonprofits you support. You can add to the fund at any time and may receive tax benefits with each new gift.
- Donor-advised funds are typically less costly and easier to administer than other forms of philanthropic giving (such as family or corporate foundations).
- You can establish a fund today and make grant recommendations now or in the future.
- You have the ability to involve the next generation in recommending grants from your fund and create a legacy of family philanthropy.
Once the fund is established, the donor advisor will be asked to complete a Grant Recommendation Form twice per year.
