May 27, 2012

Companies Turn to Community Funds for a New Way to Channel Donations

Companies Turn to Community Funds for a New Way to Channel Donations 1

Corporate donor-advised funds encourage giving by distributing pre-paid “gift cards” to a company’s employees and clients.

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Corporate donor-advised funds encourage giving by distributing pre-paid “gift cards” to a company’s employees and clients.

By Holly Hall

Fundraisers usually think of individuals or families when trying to tap donor-advised funds, but they should not ignore other donors. Increasingly, companies are setting up donor-advised funds to further their corporate philanthropy, and a few organizations are now making a concerted effort to get more companies to do so.

Some donor-advised funds created by companies further executives’ personal charitable interests, while others make grants much like a corporate foundation