A Designated Fund in The Foundation can solve all these worries. Whether one or several or a complicated series of bequests, we can easily administer our client's funds in compliance with his or her charitable intent. We take care of the investments and regularly make distributions from the fund to the charities named by the donor. If the unexpected should occur, and a charity ceases operation or significantly changes its focus or the purpose it serves becomes obsolete, we'll be able to redirect the donor's funds to a similar purpose without losing time or depleting the fund by going to court. Before making any change in the beneficiary of our client's fund, however, our Board will carefully review the facts, and in some instances, consult with the board of the now dysfunctional organization.
Wealthy families face myriad charitable requests.
Just managing the correspondence and cheque-writing can overwhelm the charitable impulse. That's why we offer the Donor-Advised Fund. Our client can refer requests to us or suggest we make payments to any charity he or she chooses, so long as the proposed grants are for recognized charitable purposes. Then we take care of all the administrative functions. Our Board has worked out a procedure, which includes staff scrutiny of basic information furnished by the recommended charity.