Donor Advised Escrow Funds

A Donor-Advised Escrow Fund is a non-permanent fund used by donors who want to turn over stock or donate money quickly, but are not ready to make organizational distributions or decisions. A Donor-Advised Escrow Fund accommodates rapid movement of funds by donors who wish to make multiple charitable gifts using appreciated assets.

Benefits

• Donor Advised Escrow Funds provide the opportunity for swift asset movement and diverse giving options.
• Community Foundation staff may provide research on organizations of interest to the donor.
• Charitable deduction can be secured at time of greatest benefit to donor.
• Gifts of appreciated assets are simple and efficient for donor, brokers and charitable recipient.

Account Services
The client contributes appreciated assets which are liquidated and placed in an account for 60 days. After this time, the client will inform Community Foundation staff which charitable contributions they would like to make. Staff performs due diligence to ensure that the organization is in good standing with the Internal Revenue Service, cuts the check to the organization, writes a letter to accompany the check and sends a copy to the donor. These services are provided for a one time foundation support fee of 1% of the net value of the gift or $100, whichever is greater. 

For details, please contact J. Larry Snipes, Director of Development, at 803.254.5601 x. 322 or larry@yourfoundation.org.