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The Pasadena Community Foundation can help families establish a lasting legacy by creating a permanent charitable fund in their names. A Donor Advised Fund can provide immediate tax benefits, and allows the entire family to stay involved in suggesting grant awards that are made possible by this fund. The Pasadena Community Foundation welcomes the opportunity to work
with you and your advisor to fulfill your unique charitable objectives.
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Create A Permanent Charitable Legacy
When you make a gift of cash, appreciated stock, or other assets to the Pasadena Community Foundation, we can establish a Donor Advised Fund in your name. The donor acts as the advisor to their fund and can recommend grants to charitable organizations they wish to support anywhere in the United States.
How do you raise a fairly affluent teenager to be aware of the needs of others? That was just one of the considerations that motivated Gloria and Donald Pitzer to establish the Pitzer Family Endowment Fund. They liked the idea of building a legacy and of involving their son Ben, a student at San Marino High School. As an estate planning attorney and past member of the Board of PCF, Gloria has long been familiar with the work of the Foundation. Raised in Pasadena, Gloria decided to become a lawyer while in the 8 th grade at McKinley Junior High. Somewhere along the way, she managed to meet a local boy named Don, an engineer currently affiliated with JPL’s deep space network project. “The fund will be a vehicle for our family to come together and discuss what we care about.” 
When Michael Schneickert purchased his Alfred and Arthur Heineman designed house in Pasadena’s Oak Knoll district, it was the beginning of a love affair with Arts & Crafts architecture and the community of Pasadena. During his three year restoration of the house a second love affair led to his recent marriage to Karen Leiko Otamura. The two now share plans to make the house their home with hopes of raising a family and establishing deeper roots. 
Fred Felberg moved to Oregon, but a part of him will forever remain in Pasadena. He left behind a charitable legacy, the Fred & Jean Felberg Endowment Fund that will perpetually support the community where Fred grew up, attended college, enjoyed a successful career and where Fred and Jean raised their three children.
For Carl Cooper and Lynn Van Dam Cooper, helping arts organizations in our local community is a top priority. To be most effective, they decided upon a two-pronged approach to their philanthropic giving. First, they set up a Donor Advised Fund from which they could make current gifts. Next, they created the Carl W. and Lynn Cooper Endowment Fund designed to benefit and support causes they loved well into the future. Although none of their favorite arts organizations would receive any immediate benefits from the endowment, these organizations would eventually gain from the earnings and appreciation of the endowment fund over time. In this way, the Cooper’s were looking out for both the immediate and future needs of the organizations they wished to help. 