Donor Advised Funds present an opportunity for you to create a family foundation. A large capital investment is initially made and then the annual interest income is used to make charitable contributions. Additional payments may be made to continue increasing the capital investment. The larger the capital, the greater the interest income, and hence larger charitable contributions can be made.
The donor retains control of the fund and can change the beneficiary at any point in time.
Currently, The OHF does not have the means to establish Donor Advised Funds. Donors who are interested in this vehicle are encouraged to speak with their financial advisor or visit their local community foundation. The OHF is pleased to accept donations from pre-established Donor Advised Funds and tax receipts will be issued in the full value of the donation where applicable.