Donor Advised Funds
Donor advised funds are a simple, convenient way to coordinate all your charitable activities. Your gift to a donor advised fund at PARSA Community Foundation qualifies for an immediate tax deduction. You can then take your time deciding which organizations to recommend for grants. For a nominal fee, a donor advised fund allows you to make a philanthropic gift today and later recommend how funds should be distributed for charitable purposes.
A donor advised fund can be created with a simple agreement and the irrevocable transfer of assets – including cash and appreciated securities - to the PARSA Community Foundation. A minimum contribution of $10,000 is required and a minimum balance of $2,500 must be maintained at all times.
The minimum amount for a single distribution is $250. Although we require a $10,000 minimum contribution to get started, we strongly encourage you to make all of your charitable giving from your PARSA CF donor advised fund as it enables you to track your giving, it reflects positively on our community and allows PARSA CF to achieve greater economies of scale.