Open a Donor Advised Fund

A Donor Advised Fund lets you support the causes you care about. If you give to many nonprofits throughout the year, DAFs provide a flexible and inexpensive way to organize your charitable giving.

You can choose between a Donor Advised Charitable Fund, best suited to help you streamline your current giving, or a Donor Advised Endowment, a low-cost alternative to a private family foundation offering you greater flexibility and more strategic philanthropy without the administrative burdens that come with managing a private foundation.

We handle all the administrative work, and we offer you insights and perspective on community needs and philanthropic strategy, ensuring that your giving is not only smart and impactful, but also joyful. You'll enjoy these benefits:

• Convenience: Simplify and streamline your current giving with convenient online access. And, thanks to our knowledge and understanding of local nonprofits, we can help you learn more about needs that match your interests and suggest additional ways to increase your impact.
   
• Tax Deductibility: Donating to your Donor Advised Fund at the Community Foundation means your gift is deductible in the current tax year, but distributions can be made over the next several years. Fund statements give you a record of all the donations — or grants — you’ve advised that year, allowing you to easily track your giving history.
   
• Flexibility: We can accept a variety of gifts, including appreciated stock or other securities, real estate, qualified retirement plans, life insurance policies and agricultural assets and more. We'll work with you and your professional advisor to explore the tax-wise giving opportunities that best suit you.
   
• Strategy: Use our philanthropic expertise and guidance to add strategy to your giving, such as “bunching” your gifts into a Donor Advised Charitable Fund to receive maximum tax benefits, and to ensure your gift will make the greatest impact.

Let us be your guide and help you craft your philanthropic legacy. Set up a non-binding fund agreement now to accept assets later. There is no fee and the fund agreement may be changed as your charitable wishes evolve.

Learn More: See how planned gifts, sometimes called estate gifts, allow you to support your favorite nonprofits during your lifetime and beyond.

We also offer the following options: 

• Field of Interest Funds: These endowments are created by donors who want to support a general area of philanthropic work. Whether your interests lie in youth enrichment, the arts, or outdoor recreation, the Community Foundation will work with you to design a grant selection process that achieves your vision.
• Designated Funds: Designated funds provide long-term support to one or more charities that you name so those organizations receive continued and reliable funding. You choose the nonprofits to support; we issue annual grants made in your name, now and forever.
• Community Fund: Unrestricted gifts make a permanent investment in the quality of life in the Sioux Falls area. Every year, your unrestricted fund will make grants to worthy nonprofits addressing emerging and changing community needs. Our most visionary fund, it ensures good will happen in our community, forever.