The Commonwealth Charitable Fund is a donor-advised fund (DAF) that offers increased flexibility for your charitable contributions and allows you to instill the idea of philanthropy in your family for generations to come. Generally, contributions to the Commonwealth Charitable Fund are tax deductible in the year that they are made and can help you avoid capital gains from the sale of highly appreciated assets. Also, you are able to spread charitable gift giving over a number of years.

By contributing to the Commonwealth Charitable Fund, you can name your children and grandchildren as concurrent or successor grant advisors to your DAF account. This helps encourage a sense of personal responsibility for and involvement in their world. You will empower them to learn about issues important to your family and make gifts according to these values.

With the Commonwealth Charitable Fund, you and your family are unencumbered by the time-consuming administrative responsibilities of a private foundation. You are free to devote time to explore and expand your family’s charitable mission as hands-on philanthropists.

Learn more about "Why a Donor-Advised Fund" can be beneficial to you! For questions about your account, please contact your financial advisor or contact the foundation representative at 888-487-8490.

This material has been provided for general informational purposes only and does not constitute either tax or legal advice. Although we go to great lengths to make sure our information is accurate and useful, we recommend you consult a tax preparer, professional tax advisor, or lawyer.