Harness the Giving Power of a Private Foundation—Without the Complexity

Donor Advised Funds

Want to learn more about donor advised funds? View and download the FREE guide One-Stop Giving: The Convenience and Simplicity of Donor Advised Funds.

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Are you looking for an easy, cost-effective way to support the Colorado Mountain College Foundation and other causes you love? A donor advised fund, which is like a charitable savings account, may be the right choice for you.

Here's how it works. You transfer cash or other assets to a tax-exempt sponsoring organization such as a public foundation. You can then recommend—but not direct—how much and how often money is granted to the CMC Foundation or other charities—sometimes as easily as using a Web portal. And you avoid the cost and complexities of managing a private foundation.

You qualify for a federal income tax charitable deduction at the time you contribute to the account, and the power to make recommendations on which charities to support whenever you want. You centralize your giving and record-keeping in one location. And maybe best of all, you can start a legacy of giving by letting your children help decide which grants to recommend.

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Learn How to Fund It

Create a donor advised fund with one of the following assets:

  1. Evaluate a sponsoring organization to make sure it supports your interests, values and the type of asset you are considering as a funding source.
  2. Get to know the organization's policies and procedures-from minimum contributions to administrative fees. Each organization handles these details differently.
  3. Seek the advice of your financial or legal advisor.
  4. Contact Seth Goddard at 970-384-8506 or slgoddard@coloradomtn.edu to discuss using donor advised funds to support the CMC Foundation and our mission.
  5. If you include the CMC Foundation in your plans, please use our legal name and Federal Tax ID.

Legal Name: Colorado Mountain College Foundation, Inc.
Address: 802 Grand Ave., Glenwood Springs, CO 81601
Federal Tax ID Number: The Foundation’s 501c3 identification number is 74-2393418.

Want to learn more about donor advised funds? View and download the FREE guide One-Stop Giving: The Convenience and Simplicity of Donor Advised Funds.

View My Free Brochure