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How It Works • You open a donor-advised fund by a written agreement at a community foundation or sponsoring organization. Most donor-advised funds require a minimum gift to open your fund, although additional contributions may be less. • You can make contributions to your fund at any time. Your contributions are invested by the sponsoring organization, which provides a regular accounting to you. • You make the recommendations that various amounts be distributed to charitable organizations of your choice, such as Penn State. • You qualify for a federal income tax charitable deduction for gifts to your donor-advised fund. Your Benefits • Convenience and timing—Setting up a donor-advised fund qualifies you for a federal income tax charitable deduction when you make a gift to the fund—without immediately having to choose the charities you want to support. • Simplicity—You can support a number of charitable organizations without having to retain records for a number of separate contributions. • Family philanthropy—Families can build a tradition of giving and teach their children the values of philanthropy by involving them in the decisions about which grants to recommend. Your financial and charitable goals are a reflection of your commitment to support the future of your loved ones, charitable organizations you value, such as Penn State, and the greater community. But sometimes it can be difficult to keep track of the organizations you wish to support and the documents required to receive your benefits from charitable gifts. A convenient and easy way to organize your charitable intentions is to create a donor-advised fund. Consider it one-stop giving. Support All the Causes You Love With One Fund

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