A donor-advised fund is an economically attractive alternative to a private foundation and an excellent opportunity to involve you and your family in a long-term charitable giving plan.
You may generally establish a donor-advised fund with Columbia simply by signing an agreement and then making a contribution to the fund. You will receive a charitable income-tax deduction for the value of your initial contribution to the fund. You may serve, or may designate another person to serve, as the fund advisor and make grant recommendations to Columbia. These grant recommendations are nonbinding and will be subject to our review. Based on the size of the fund, a certain portion of the grants may be required to be distributed to Columbia.
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