Giving Funds Provide Flexibility

Giving Funds Provide Flexibility: "Giving Funds Provide Flexibility
Foundations, Circles Redefine Ways to Donate to Charity

By Andrea Caumont
Washington Post Staff Writer
Sunday, November 6, 2005; Page F07

Whether it's a little or a lot of money, there are many ways to give. One of the most common ways is a direct gift to a charity or nonprofit, but such gifts are just the beginning.

Those who can afford to make a large donation can set up a donor-advised fund. A donor-advised fund works like a bank account, except you only make donations; 'withdrawals' go to the charities. Any contributions to the fund are tax-deductible. Once you set up the fund, where you give is up to you."