Inspired to Commit: Creating a New Donor Advised Fund

womens minnesota 1My family recently created a Donor Advised Fund with the Women’s Foundation of Minnesota. We had a donor advised fund in the past with a large national institution, but we have been inspired by the efforts of the Women’s Foundation of Minnesota to create a world of equal opportunity for women and girls. Moving our Donor Advised Fund to the Women’s Foundation was an exciting commitment for us because it puts our dollars directly behind an organization that is working on causes that are important to us. There are multiple considerations involved in committing to a Donor Advised Fund, and the Women’s Foundation of Minnesota successfully “checked all the boxes” for us.

Align our giving around the causes that are most important to us. The first step in our charitable giving plan was to make a list of organizations we have given to in the past. Then we took some extra time to think about which causes are most important to our family. This exercise presented a good opportunity to consolidate our giving to create a greater impact. We are hopeful that our Donor Advised Fund with Women’s Foundation will allow us to continue to find greater focus and derive more satisfaction from our gift while making a greater impact in our community.

Create a family legacy of giving. The holiday season provides a wonderful opportunity to incorporate the spirit of giving into family traditions. In addition to being an effective way to instill the spirit of giving early, family conversations about philanthropy are also an opportunity for family members to share individual perspectives about which causes are most important to them. In our case, our family is very focused on supporting the long-term success of women by investing in research, advocating policies, and building partnerships to create community-led solutions across Minnesota. Our Donor Advised Fund is a great vehicle to talk about how giving our dollars can make a difference.

Understand our community better. We appreciate the local impact of the Women’s Foundation. It’s a great opportunity to support a local organization that is impacting communities across the state of Minnesota. In addition, we have the opportunity to learn more about what communities need and where women’s issues are at risk. Our Donor Advised Fund creates an opportunity to foster knowledgeable kids who are aware of important issues and learn the ability to use dollars to create meaningful impact through national strategic partnerships.

Creating a Donor Advised Fund with the Women’s Foundation of Minnesota allowed our family to support an organization that fully aligns with our goals while maintaining control over which specific programs we most want to support, all while knowing that the organization has committed to maximizing the value of our gift. Their commitment to effectively supporting women’s issues directly and through other partnerships is unparalleled in the local community. Creating a Donor Advised Fund was a great option for my family, and definitely worth considering for other people who want to make a difference while supporting important missions.

 

Share This Post

Subscribe To Our Newsletter

The Importance of Designating Beneficiaries

When life gets hectic and your to-do list seems endless, it can be easy to let financial planning details slip through the cracks. However, updates to your designated beneficiaries on 401(k) plans, IRA accounts, and other retirement assets is vitally important.

Discover how to find financial clarity during life transitions and thoughtfully prepare for your next chapter.

Flourishing Through Change: Financial Clarity During Life’s Major Transitions

Change has a funny way of arriving on its own schedule. Sometimes we spend years preparing for it, as we might with retirement or sending...

A Holistic Guide to Financial Planning After Divorce

Divorce can change nearly every corner of your life. Beyond the emotional adjustment of ending a marriage, you may be navigating a new home, different...

Discover how career complacency may impact your financial future and learn ways to support long-term career growth.

When Career Complacency Affects Your Financial Future (and What to Do About It)

Most of us spend a significant portion of our lives at work. Over time, it’s natural to settle into routines, become comfortable in our roles,...

Discover how values-based investing can help align your portfolio with your values and long-term financial goals.

Integrating Purpose into Portfolios: A Practical Guide to Values-Based Investing

For many people, investing begins with practical questions. How much should I save? How should I diversify? Am I on track to meet my long-term...

Learn how investing with intention can help align your portfolio with your long-term goals, values, and financial priorities.

Investing with Intention: Aligning Your Portfolio with Your Long-Term Goals and Values

It’s easy to think about investing as a numbers game. Market returns, account balances, and performance headlines often dominate the conversation, making it seem as...

Explore how raising financially confident kids through open money conversations can help shape lifelong financial habits.

Raising Financially Confident Kids: Conversations That Shape Lifelong Habits

When many people think about teaching children about money, they picture lessons on saving, budgeting, or spending wisely. While those skills are certainly important, some...

Now with Locations in:

Who We Are

Services

Resources

Clients

Contact

Flourish Financially with Kathy Longo

Join Our Mailing List

Stay up to date on all things Flourish!

Skip to content