Monday, April 30, 2007

Winona Daily News - 6.0

Winona Daily News - 6.0: "Donor-advised funds are an important service provided by a community foundation as they allow donors to make their charitable gifts into a named fund with the foundation. Over time, they make grant recommendations from the fund to qualified nonprofit organizations that are then approved by the foundation’s board.

In fact, 34 members of Congress, recognizing the importance of donor-advised funds in community foundations, have already signed on to legislation that could extend the IRA rollover to include donor-advised funds. Simply put, donor-advised funds remain one of the most popular, effective and democratic charitable giving vehicles donors can offer their communities."

No comments: