Donor Advised Funds & Guidelines

Through a Donor Advised Fund (DAF), donors can make a charitable gift, receive an immediate tax benefit, and provide guidance on how the funds are distributed to nonprofits over time. While the Foundation’s Board of Directors holds legal control of the fund, donors are encouraged to offer recommendations on organizations and grant amounts, ensuring their philanthropic vision is honored for as long as the fund exists.

Establishing a Fund: There are three steps required to establish a Donor Advised Fund at the Walker Area Community Foundation: (i) the donor and the Community Foundation must sign an agreement; (ii) the Community Foundation’s board or executive committee must approve the creation of the fund; and (iii) assets must be transferred to the fund. The minimum required to establish an Advised Fund is $50,000, which can be made with a gift of cash, stock or other asset over a three year period. If $50,000 is not reached after three years, the Board of Directors may at that time roll the fund into its general unrestricted fund.

If you are interested in more information about Donor Advised Fund, please contact:
Jim Trotter
Vice President, Development & Marketing
jtrotter@wacf.org