“I have referred several clients to the community foundation when it seems a fit for their estate plan. My own family has a donor advised endowment fund.”
- Gloria Pitzer, Estate Planning Attorney
Benefits of Establishing a Fund
Simplicity: Creating a charitable fund is easy and requires minimal paperwork. The Pasadena Community Foundation will help you identify what type of fund will help you accomplish your philanthropic goals. The Foundation assumes the administrative and record keeping duties.
Tax benefits: Setting up a charitable fund through the Pasadena Community Foundation gives the donor maximum tax benefits. The accounting aspects of charitable giving are handled by the Foundation including the filing of a tax return for the fund.
Ways to Give:
Current Gifts:
Give cash, stocks, real estate or other assets. Unrestricted gifts can be made to support the charitable work of the Pasadena Community Foundation. Restricted gifts can be made to support a particular fund of the Pasadena Community Foundation.
Planned or Deferred Gifts:
By leaving a bequest to the Pasadena Community Foundation, you can establish a future fund. You can also name the Pasadena community Foundation or a particular fund as a beneficiary of your 401K / IRA, a life insurance policy or other financial accounts.
There are a variety of funds you can choose from: