| The
Advised Fund Program
The Board of Trustees
of the National Foundation for Philanthropy invites you to participate in
the Advised Fund Program. The National Foundation for Philanthropy is a qualified not-for profit organization created to promote philanthropic activity throughout the United States.
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HERE'S HOW IT WORKS You make a contribution of cash or publicly traded security to your advised fund account for which you will receive the full charitable deduction permitted by the Internal Revenue Service. Your contribution, less brokerage commission if the asset contributed is a publicly traded security, is credited to an account which earns investment income. The investment income earned is credited to your account and is not subject to taxation. The Foundation will forward to you your "charitable checkbook" from which you make recommended distributions to the qualified charitable institutions you elect to support. Each year a report detailing your account's activity during the preceding year will be delivered to you.
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THE ADVANTAGES OF THE ADVISED FUND PROGRAM Record keeping for income tax purposes is simplified because you have consolidated all of your contributions for a given period into one contribution. While you determine which charities you will recommend to receive your support, your charitable dollar compounds tax free permitting you to give more.
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EXPENSES ASSOCIATED WITH THE ADVISED FUND PROGRAM The following fees are necessary to cover the operating and administrative expenses of the Advised Fund Program:
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