Donor Advised Fund
Your charitable interests focus
on conservation, but you also support a variety of nonprofit organizations
besides Woodland Healthcare. You like the flexibility of being able
to direct your support to organizations that are accomplishing much or
facing particular challenges each year.
But – you are feeling the pressure of making multiple gifts to various
charities, especially at year-end, and of ensuring that each gift is received
and acknowledged. You have considered establishing a private foundation,
but are put off by the ongoing fees and administrative obligations.
There is a convenient alternative. Woodland Healthcare’s Donor
Advised Fund allows you to manage your charitable giving simply and efficiently.
Designed for conservation-minded individuals, our donor advised funds give
you and your family the flexibility to recommend support for Woodland Healthcare programs as well as to other charitable organizations.
With a fully deductible gift of $100,000 or more in cash, appreciated
securities or property to Woodland Healthcare, you can create a fund
in your name or in the name of a loved one. You then recommend distributions
from your fund both for Woodland Healthcare programs and to other charitable organizations,
on your own timetable – no more year-end rush. You can involve family
members in the process or give them the right to recommend distributions,
encouraging them to become responsible philanthropists themselves.
You incur none of the legal, administrative or reporting requirements
with a donor advised fund that you do with a private foundation. Neither
start-up nor ongoing administrative fees are charged. Meanwhile, the assets
in your fund are growing tax-free. Woodland Healthcare administers the
fund, writes the checks and makes the distributions in the fund’s
name. You receive documentation of all distributions made within each period,
and statements on the balance of your fund.
We review your recommendations for distributions, and approve them unless
they would benefit you or your family, or an organization whose values
are in conflict with those of Woodland Healthcare’s.
At least 5 percent of your fund must be distributed annually, and at least
20 percent of the annual distributions must support Woodland Healthcare projects
of your choice. Similarly, should you or your heirs terminate the fund,
at least 20 percent of the principal balance must be directed to Woodland Healthcare projects. You can make additional gifts of $1,000 or more to your fund
at any time.
If you are a hands-on donor, consider the flexibility and practicality
of a donor advised fund.