Donor Advised

How it Works

  • You make a gift to the Topeka Community Foundation — you can give cash, appreciated securities, real estate, or other assets.
  • You sign a simple letter of direction, which establishes the fund, and choose a name for the fund. It may bear your name, the name of your family, the name of another person, or be a reflection of something that is important to you.
  • You receive tax benefits in the year your gift is made.
  • You recommend grants to support the causes and organizations you care about most, within and outside Topeka and Shawnee County. 
  • Your suggestions are presented to our board of trustees for approval.
  • We handle all the administrative details and distribute grants to charities in the name of the fund you establish (if you prefer, grants can be made anonymously).


Benefits

  • An excellent alternative to starting a private or family foundation
  • Gifts can be made when it is most convenient to the donor
  • Donors may advise on the use of the gift
  • Grant recommendations can be made at any time to public charities
  • A variety of assets are accepted
  • Donors receive maximum tax advantages under federal law
  • Donors may recommend the investment advisor to fund


Prohibited by Law through Donor Advised Funds

  • Distributions to any organization if not for a charitable purpose
  • Grants to individuals
  • Grants that directly benefit the donor
  • Legally enforceable pledges to organizations
  • Payment or reimbursement of expenses
  • Maintaining or accepting receipt of holdings in a "business enterprise" to extent that such holdings constitute a violation of the "excess business holdings rule" of the IRS