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Growing your philanthropy through recurring gifts

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Plant growing from pile of coins

Developing a practice of regular contributions to your donor-advised fund at Akron Community Foundation not only allows you to systematically build a philanthropic nest egg for your annual giving to favorite charities, but it also paves the way for your future legacy bequests. Whether your cadence of contributions is monthly, quarterly, semi-annually or annually, the consistency delivers many benefits. For instance: 

  • As your donor-advised fund grows, it allows you to be nimble with your giving and meet the urgent needs of the community as they arise. For the community as a whole, this type of support and stability gives many nonprofit organizations' leaders the peace of mind and security of knowing that important programs can continue through good times and bad.
  • Recurring giving to your donor-advised fund also helps build ultimate capacity to ensure that your principles and dedication to altruistic endeavors endure long beyond your lifetime. Many fundholders at the community foundation have included provisions in their donor-advised fund documents to leave all or a portion of the donor-advised fund remaining at their death to a board discretionary or field-of-interest fund at the community foundation. 
  • Talking about your recurring support through the community foundation helps to create a giving culture within your family. Over time, your children and grandchildren will learn that philanthropy is an important family tradition and that charitable giving is a critical source of funding for programs that improve the quality of life for so many people in our region. Your donor-advised fund at the community foundation offers ongoing flexibility to fulfill your own charitable goals, as well as the goals of the next generation. 

The team at Akron Community Foundation is happy to work with you and your advisors to determine the best way for you to make regular contributions to your fund, especially if your priority is to give highly appreciated stock to take advantage of the opportunity to avoid income tax on capital gains.

We look forward to talking with you about how recurring donations to your existing donor-advised fund (or a new donor-advised fund if you're considering it) might be a fit for you and your charitable plans.

To learn more, contact Laura Lederer at 330-436-5611 or llederer@akroncf.org. We're always available to answer your questions about philanthropy or to schedule a personal consultation with you and your professional advisors – all at no cost.

Additional Resources

This article is not intended as legal, accounting, or financial planning advice.

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