Donor Advised Fund
How It Works
- You make an irrevocable gift to MDA of cash, securities, or other property. The minimum initial gift is $50,000.
- Your donor advised fund is invested in with the MDA Endowment, one of the nation's top-performing institutional funds, managed by the MDA Investments Office.
- You may propose that distributions from the fund be made on your own giving timetable, to areas of MDA or other charitable organizations, in amounts of $50,000 or more.
- At least 50 percent of the gifts donated to the fund and any appreciation or income attributed to those amounts must be designated for purposes at MDA.
- You or family members you designate have advisory privileges over the fund and may recommend distributions to support specific areas of MDA and other qualified charitable organizations.
- You may claim a federal charitable income tax deduction in each year you contribute to your donor advised fund. There is no capital gains tax due on appreciated assets, and the gifts may reduce your gross taxable estate.
- Gifts to a donor advised fund at MDA receive more favorable tax treatment than gifts to a private foundation.
- Unlike gifts made through private foundations, charitable distributions from a donor advised fund can be made anonymously.
- There are no administrative expenses associated with a MDA donor advised fund.
- We manage all record keeping, consider and approve distributions to other qualified charities, and provide you with detailed annual statements.