Donor Advised Funds
 
A Donor Advised Fund at The Minneapolis Foundation gives you the greatest flexibility and maximum tax benefits without the bother of administrative details.
 
 
Easy to start. Easy to administer.
You can start a fund with as little as $10,000 -- and add to it over time -- using a variety of assets in addition to stocks and cash. Our on-line tools make it easy for you to contribute to your fund, monitor your balance, and recommend grants.
 
Maximum tax benefits and no legal costs.
We'll work with you or your professional advisor to evaluate the tax benefits of creating a Donor Advised Fund. Because The Minneapolis Foundation is a public charity, the gifts you make to your Donor Advised Fund qualify for the maximum income tax deduction allowed by law. There are no legal costs to set up or maintain your fund and no annual tax returns to prepare.
 
Recommend grants immediately or over time.
You can take an immediate tax deduction, then enjoy giving to your favorite charitable or religious organizations over time.
 
Involve your family. Connect with the community. 
You receive more than just tax benefits and efficient administrative services when you create a fund at The Minneapolis Foundation. You also benefit from the expertise and connections of a respected local partner.

You can learn more about causes you care about, participate in events on critical issues in our community and the world, and join others with similar interests to make a greater impact.

You can use your charitable fund to involve your children or grandchildren in philanthropy and help them find causes they're passionate about.

Learn more about our services to enhance your giving.
Charitable planning expertise...whenever you need it.
As your family, financial needs, and estate change over time, we can help you ensure philanthropy is a vital part of your overall wealth management planning. We can work with you and your professional advisor to unlock the potential of assets for tax advantages and charitable impact when it makes the most sense for you and your loved ones. 
 
How Does It Work?
 
Create Your Fund    Make a Gift Make Grants Make a Difference
  • Name your fund -- or choose to make your fund anonymous  
  • Identify Primary Advisors (individuals who can recommend grants from your fund)
  • Identify Successor Advisors (individuals who can recommend grants from the income of your fund after the primary advisors are deceased)
  • We can work with your tax, financial, or legal advisor (if desired) to structure a fund that meets your financial and personal goals
  • We handle all administrative details -- no separate tax returns, accounting, or recordkeeping is required of you
  • $10,000 minimum initial gift 
  • Choose from a wide variety of asset types from which to make your gift
  • Take an immediate tax deduction
  • Add to your fund at any time
  • Funds $1 million or greater in size can receive extra benefits as Signature Funds
  • Recommend grants from your fund to the charitable organizations that are important to you
  • Recommend grants on-line, by phone, fax, or mail
  • Recommend grants from your fund's principal and interest
  • Minimum grant size $250; no minimum number of grants per year
  • No maximum size or number of grants, as long as you maintain a $10,000 minimum balance
  • Choose whether to make a grant anonymously
  • We perform due diligence to ensure the legal compliance and financial viability of the charity
  • Tap into our expertise in grantmaking and community issues
  • Connect with other donors and with inspiring community organizations
  • Learn about emerging issues and effective charitable giving strategies
  • Involve multiple generations
 
Get started.
 
Creating a Donor Advised Fund may be easier than you think.
You can apply on-line or contact us and we'll work directly with you and/or your professional advisor to maximize the benefits of creating a charitable giving vehicle.
1. Complete the Donor Advised Fund application.
2. We will draft a fund agreement for your signature.
3. Make your initial contribution and begin recommending grants whenever you're ready.
Contact us to learn more at (612) 672-3878 or development@mplsfoundation.org.
 
 

 
 
 
Learn More
or Get Started


 
Compare your options
Compare the advantages of
our Donor Advised Funds with
commercial providers or
private foundations.
 
 
Apply on-line
to create your Donor Advised Fund today!
 
 
 
The Minneapolis Foundation is Confirmed in Compliance with National Standards for U.S. Community Foundations.

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