The Sanders Family is very familiar with the Community Foundation. As a former staff member and RUN for the Money coordinator, Katherine has spent many hours working for our community. Armed with the knowledge of resources at the Foundation, Katherine knew about the many giving vehicles available including donor advised funds.
A business transaction took place late in the year and created a tax situation for the Sanders which could result in a charitable gift. The pressure to make an informed decision about making an impactful gift was an immediate problem for the family. As the clock ticked toward December 31st, a donor advised fund (DAF) at the Community Foundation became the solution.
Establishing a DAF allows the Sanders family to carefully consider present and future gifts to nonprofits and achieve the tax deduction during the year the DAF is established at the Foundation.
"Having a donor advised fund at the Community Foundation allowed us to make a gift in one year and carefully consider gifts from the fund for the future."
- Katherine Sanders
