Anyone listed as advisor on the contribution form can recommend grants from the fund. Additional advisors may be added later by the donor to the fund. A donor can name any successor advisors to an advised fund at any point in time. If no successor advisors are named, the remaining balance of the fund is added to the Foundation's Community Fund upon the death of the sole remaining advisor. In fact, donors can make their decision as to which grants should be made anonymously at the time they submit their grant recommendations to the Foundation.
Donors name the fund when the fund is established.
The Boston Foundation's primary investment vehicle is the Fund for 21st Century . The Fund is broadly diversified across asset classes and investment styles in order to enhance investment results in all market environments. Although these products are similar in function, the Boston Foundation offers several advantages over commercially sponsored gift funds. First, the Foundation has over 85 years experience in meeting the needs of our communities. This means that the Foundation is extremely knowledgeable on local charitable programs, nonprofit organizations, and local issues affecting our communities.