Donor advised funds were created to increase charitable contributions by individuals. Offered by community and public foundations and financial institutions, donor advised funds allow donors to make a contribution and take an immediate tax deduction without having to decide until a later date what nonprofit organizations will receive the money.
Established in the 1990s, donor advised funds have attracted an increasing number of contributions in recent years. Yet there is no legal requirement that obligates these contributed funds to be distributed within a specific time frame. Currently, over $50 billion are in donors advised funds, waiting to be contributed to nonprofit organizations.
We believe donor advised funds can be strategically disbursed to advance social justice. By allowing significant amounts of tax-exempt, charitable funds to sit idle, donors are missing current opportunities to address pressing social problems and promote the public good.
The Foundation calls on donors to make more timely allocations from their donor advised funds. Imagine what $50 billion could do!
We want to help get those dollars out the door by partnering with those having donor advised funds who want to support social justice work. We will align your interests and values with U.S. nonprofit organizations that can make a difference.
For nearly 70 years, Noyes has addressed societal problems. We bring expertise in making grants and providing technical assistance to nonprofit organizations. You can tap into our knowledge to enhance your philanthropy.
We act as a guide for your giving, recommending vetted nonprofits to which you make contributions directly from your donor advised fund. We do not charge for this service.
If you are interested in using your donor advised fund to support social justice through a partnership with Noyes, give Vic De Luca a call at 212-684-6577, Extension 8377. We can discuss the possibilities without any obligation.