By opening a Donor Advised Fund at the Billings Community Foundation, you can continue to support the charities you care about while guiding philanthropy and strengthening local communities.
What is a Donor-Advised Fund?
A Donor-Advised Fund is a fund through which you can grow your assets tax-free and conveniently direct grants to charities you want to support. Created with a single tax-deductible donation of cash, stock, or real estate, you can name your fund and give at your own pace — we manage the rest. Any subsequent addition to your fund also is tax-deductible.
This provides a convenient, flexible tools for individuals, families, businesses, and groups that want to make a tax deductible gift today and be personally involved in recommending grants to qualified non-profits in the future. Fund advisers may at any time recommend grants to support the charitable organizations of of their choice from both income and principal, the funds remain invested, continue to earn income, and can be recognized at the Annual Grant Awards Ceremony!