571 New London Road   Hamilton, Ohio 45013   Office: 513-863-3993   FAX:513-785-2844

Donor Advised Funds

Harness the Giving Power of a Private Foundation, Without the Complexity


Are you looking for an easy, cost-effective way to support Badin High School and the other charitable causes you care about? A donor advised fund through your local community foundation may be the right choice for you.

Here’s how it works. You transfer cash or other assets to a tax-exempt sponsoring organization such as a public foundation or community foundation. You can then recommend—but not direct—how much and how often money is granted to Badin or other charities—sometimes as easily as using an online portal. And you avoid the cost and complexities of managing a private foundation.

What do you receive in return? An immediate federal income tax charitable deduction at the time you contribute to the account, and the power to make recommendations on which charities to support whenever you want. You centralize your giving and record-keeping in one location. And maybe best of all, you can start a legacy of giving by letting your children help decide which grants to recommend.

Check Out this Potential Scenario
Steve 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, Steve and Laura recommend grants for Badin (which they’ve supported for years), their children’s former Catholic grade school and the local animal shelter. The foundation presents the charities with checks from the Megan Fund, which Steve and Laura names in honor of their granddaughter. Steve and Laura are delighted to start this personal legacy of giving

Learn How to Fund It
You can use the following assets to fund a charitable remainder trust:

  • Cash
  • Securities
  • Retirement Plan Assets
  • Tangible Personal Property
  • Real Estate
     

Next Steps

  • Evaluate a sponsoring organization to make sure it supports your interests, values and types of asset you are considering as a funding source.
  • Get to know the organization’s policies and procedures—from minimum contributions to administrative fees. Each organization handles these details differently.
  • Contact Kelli Verdin Kurtz at 513-863-3993 or kkurtz@BadinHS.org for additional information on beneficiary designations and how they can help support Badin’s mission.
  • Talk to your financial or legal advisor to learn which assets will or will not trigger taxable income when paid to a beneficiary.
  • If you include Badin in your estate plans, please use our legal name and Federal Tax ID:
    Legal Name: Stephen T. Badin High School
    Address: 571 New London Road, Hamilton, OH 45013
    Federal Tax ID Number: 31-0537113

The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results.