Creating your own personal charitable fund

Give Back to PhilanthropyThe Sun Health Board of Directors recently gave Sun Health Foundation the green light to offer Donor-Advised Funds (DAF) to our supporters. These funds are an easy and convenient way to make a charitable contribution, realize an immediate tax deduction and recommend grants to a favorite charity or charities over time. A DAF allows individuals and families to take an active role in making grants.

Donor-Advised Funds also offer substantial tax benefits, which largely explains why they have skyrocketed in popularity in recent years. More than 217,000 Donor-Advised Funds exist, up 34 percent over the past seven years, according to the National Philanthropic Trust’s 2014 Donor-Advised Fund Report.

How does it work? You simply make a gift to establish your DAF at Sun Health Foundation. We will invest your funds with an eye toward protecting principal, generating current income and fostering growth. Sun Health also will handle all administrative tasks, including support for due diligence and research on grantees, as well as documentation, evaluation and follow-up. You recommend charities for grants from your DAF and Sun Health Foundation makes the grant in your fund’s name.

When you establish your DAF at Sun Health Foundation, you will have the ability to consider a wide variety of assets, each one offering different tax advantages. These assets could include cash, marketable securities, real estate, life insurance and IRAs.

As mentioned above, one of the biggest advantages to a DAF is that you can make distributions to your favorite charities over time. It is a great way to leave a legacy and support the causes that matter to you now and in the future. It’s also a perfect way to teach your family the virtues of philanthropy.

Please call 623.832.5330 or email us at for additional information. And, of course, always check with your personal tax advisors.

(Originally published in the November issue of LiveWell magazine.)

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