Donor Advised Funds

Support Connection is an independent 501(c)(3) not-for-profit organization that depends on donations to fund our free, year-round services. We do NOT receive funds from Relay for Life, Making Strides, American Cancer Society, Susan G. Komen, or any other national cancer organizations.

What is a Donor Advised Fund?

A Donor Advised Fund is a financial tool set up by individuals, families, businesses or foundations, that is used to make donations to the charitable organizations of their choice. It is like a charitable savings account.

We recommend that you consult with your financial advisor for specifics regarding Donor Advised Funds, tax laws, etc.

How will a Donor Advised Fund benefit me?

When you contribute to your Donor Advised Fund, you will immediately receive the maximum tax deduction as allowed by the IRS. All funds in your Donor Advised Fund will be invested and will grow over time, tax-free. The funds will be administered by the institution you have chosen for your Donor Advised Fund.

What would I contribute to a Donor Advised Fund?

The initial minimum contribution to start a Donor Advised Fund is $25,000. Additional contributions can then be made over time. The contributions are irrevocable, and can be any personal assets (cash, stock, real estate, etc.)

How can I use a Donor Advised Fund to donate to Support Connection?

When you have a Donor Advised Fund, you can recommend contributions (“grants”) to the qualified charitable organizations of your choice. Support Connection is an IRS-qualified tax-exempt 501 (c) (3) organization.

Where is a Donor Advised Fund set up?

A Donor Advised Fund can be set up with many financial services institutions, as well as community foundations and other charitable organizations.

How can I learn more about Donor Advised Funds?

Consult with your financial advisor or banking institution to learn how to start a Donor Advised Fund, as well as other details about how they are administered.