Donor Advised Fund

A donor advised fund, which is like a charitable savings account, gives you the flexibility to recommend how much and how often money is granted to Oregon Health & Science University Foundation or Doernbecher Children's Hospital and other charities.

You open a donor advised fund with a written agreement at a community foundation or sponsoring organization. You can make contributions to your fund at any time. These contributions are invested by the sponsoring organization, which provides regular accounting to you. You make the recommendations that various amounts be distributed to charitable organizations of your choice, such as Oregon Health & Science University Foundation or Doernbecher Children's Hospital.

There are a number of benefits of opening a donor advised fund, including:

• You qualify for a federal income tax charitable deduction when you make a gift to the fund.
• You eliminate capital gains taxes when you use long-term appreciated assets.
• You don't have to retain records for each contribution.
• Families can build a tradition of giving by involving children in the decisions about what grants to recommend.

You can also create a lasting legacy by naming your loved ones as your successor to continue to recommend grants to charitable organizations, or name Oregon Health & Science University Foundation or Doernbecher Children's Hospital to receive all or part of the account balance after your lifetime.