Donor Advised Fund
Harness the Giving Power of a Private Foundation
A donor advised fund (DAF), which is like a charitable savings account, gives you the flexibility to recommend how much and how often money is granted to Westminster Canterbury Foundation and other qualified charities. You can recommend a grant or recurring grants now to make an immediate impact or use your fund as a tool for future charitable gifts.
Take Action! Visit Your Fund
1. Recommend a grant
2. Impact Westminster Canterbury Foundation
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You can also create a lasting legacy by naming Westminster Canterbury Foundation the beneficiary of the entire account or a percentage of the fund. With a percentage, you can create a family legacy of giving by naming your loved ones as your successor to continue recommending grants to charitable organizations. Contact your fund administrator for a beneficiary form.
Still learning about DAFs? Discover the ease of opening a donor advised fund—plus the advantages you’ll enjoy—with your FREE guide One Stop Giving: The Convenience and Simplicity of Donor Advised Funds.
An Example of How It Works
Joe and Laura want to give back to their hometown by putting their money where it will do the most good. They establish a $25,000 donor advised fund with a community foundation.
The couple receives a federal income tax charitable deduction for the amount of the gift. They also get all the time they need to decide which charities to support.
After researching community needs with the foundation’s staff, Joe and Laura recommend grants for Westminster Canterbury Foundation (which they’ve supported for years) and the Animal Rescue League. The foundation presents the charities with checks from the Megan Fund, which Joe and Laura named in honor of their daughter. Joe and Laura are delighted to start this personal legacy of giving.
Not Sure How to Begin Planning?Download My FREE Personal Estate Planning Kit
- If you already have a fund, use our tool Take Action! Visit Your Fund to connect. No fund yet? Get our free guide.
- Contact Anita E. Adkins at 804.264.6202 or AAdkins@wcrichmond.org to discuss using your donor advised funds to support Westminster Canterbury Foundation and our mission.
- Seek the advice of your financial or legal advisor.
- If you include Westminster Canterbury Foundation in your plans, please use our legal name and federal tax ID.
Legal name: Westminster Canterbury Foundation
Address: 1600 Westbrook Avenue, Richmond, VA 23227
Federal tax ID number: 52-1189655
Get More From Your DAF
Ensure you’ve made the most of your donor advised fund—for your family and for Westminster Canterbury Foundation. Download the FREE guide Maximize the Impact of Donor Advised Funds.View My Guide