What options are there for my client?
ICF offers many types of funds depending on your client's charitable goals.

Why shouldn’t my client give directly to the organization(s) they wish to support?
ICF uses the power of endowment to meet both immediate needs in the community as well as future needs. By establishing an endowed fund with us or supporting an existing fund, your clients are being strategic with their giving and ensuring that the causes about which they care most are supported well into the future. With each grant distribution, ICF ensures funds are being used appropriately and according to the donor’s wishes.

How might a Donor Advised Fund benefit my client?
In many instances, a Donor Advised Fund (DAF) at the Community Foundation can provide your clients with the benefits of a private foundation without the administrative burden, and may increase their philanthropic impact. A DAF offers several advantages - including significantly higher tax deductions for new assets contributed to the fund, grantmaking support, professional investment management and the option to give anonymously. Furthermore, a DAF will eliminate several of the burdens and requirements of a private foundation, including the annual distribution requirement, tax returns and audits, and excise taxes.

Your clients can also create a family legacy by establishing a DAF that allows children or grandchildren to remain involved in grantmaking in the family name.

How much control and freedom would my client have in recommending grant recipients from their fund?
Your client can recommend a grant to any qualified organization that falls within the broad mission of ICF and is an Internal Revenue Code Section 501(c)(3) public charity qualified under Sections 509(a)(1), 509(a)(2), in some cases 509(a)(3), or an educational or governmental entity. ICF will ensure that groups recommended for a grant meet this requirement.

In complying with federal tax laws, and for the protection of your client, ICF must reject grant recommendations that would benefit an individual, fulfill a personal obligation, support a political campaign, go to a private foundation or are not for a qualified charitable organization.

Can my client recommend grants anonymously?
Yes, your client may request that a fund name and/or the donor’s name remain anonymous. In addition, clients may request the fund name not appear in ICF’s Annual Report or other relevant publications.

What happens to the fund after my client’s lifetime?
It depends on the type of fund. For endowed funds such as Designated, and Forever Idaho Funds, ICF will continue to follow the instructions listed in the fund agreement in perpetuity.

For endowed donor advised funds, your client may name successor advisors to make grant recommendations and continue their family’s legacy of giving. Typically, after two generations of advisors the fund will revert to another type of endowed fund based on the instructions your client provided in the fund agreement at the time the fund was established.

Can my client serve on the board of an organization and recommend a grant from his/her fund to the organization?
Yes, as long as your client receives no personal benefit from the grant.

Can my client recommend grants to qualified organizations outside Idaho?
Yes. While ICF funds are established to “primarily benefit” Idaho, we understand donors may have close ties with other communities throughout the country. Donors may recommend grants to qualified public charities throughout the country. Per ICF's Articles of Incorporation, endowment funds must distribute 51% of annual grants to Idaho-based 501(c)3 nonprofit public charities under IRS Code Section 170, governmental entities (including special taxing districts) or public schools.