All About Donor-Advised Gift Funds: How Middle-Class Families Can Enhance Their Charitable Giving with Maximum Tax Benefits

13 Pages Posted: 22 Dec 2010

See all articles by Norman Otto Stockmeyer

Norman Otto Stockmeyer

Western Michigan University Cooley Law School

Date Written: August 16, 2001

Abstract

The first donor-advised gift fund was established nearly 90 years ago. But it was not until Fidelity Investments created its Charitable Gift Fund in 1992, soon followed by other large brokerage firms and mutual fund companies, that the funds became, in the words of Forbes magazine, "the hottest trend in philanthropy."

Donor-advised gift funds offer a simple, flexible, and tax-efficient way to convert appreciated securities into a "charitable checkbook" from which to make relatively small, routine donations. They are, in effect, charitable foundations "for the rest of us."

This presentation, made at the National YMCA Conference and Training Center at Silver Bay, New York, explains what donor-advised gift funds are and how they work. (Readers are cautioned that certain tax rates, legal restrictions, and administrative regulations may have changed since the presentation was made in 2001.)

Keywords: donor-advised gift funds, tax-efficient donations

Suggested Citation

Stockmeyer, Norman Otto, All About Donor-Advised Gift Funds: How Middle-Class Families Can Enhance Their Charitable Giving with Maximum Tax Benefits (August 16, 2001). Available at SSRN: https://ssrn.com/abstract=1729373 or http://dx.doi.org/10.2139/ssrn.1729373

Norman Otto Stockmeyer (Contact Author)

Western Michigan University Cooley Law School ( email )

1352 Hickory Island Drive
Haslett, MI 48840
United States
517-339-2246 (Phone)

HOME PAGE: http://www.cooley.edu/faculty/norman-stockmeyer

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