Want to have an even greater impact with your giving? Charitable Funds or Donor-advised Fund at MRG can be used as powerful tools to help you create a better world.
MRG Foundation has more than 30 years of experience facilitating donor-advised grants and charitable funds for progressive donors and we’ve handled nearly $7 million in grants in our donor-advised giving program. Donor-advised funds through MRG provide a way for you to simplify your giving by making a single donation to MRG that is then distributed to multiple non-profit organizations that you recommend over time.
There are many advantages to setting up a donor-advised fund. With a donor-advised fund, you can:
- Simplify your financial planning by making a single large donation in a given year, then having the flexibility to make grant recommendations over time
- Make a single stock transfer that will benefit multiple groups (including small groups that are not be set up to accept stock gifts)
- Receive information about progressive organizations working on issues you’re especially interested in
- Remain anonymous to the recipient organization(s) (if you choose)
- Receive immediate tax benefits
Think that a donor-advised fund might make sense for you? Contact Dena Zaldua, MRG Development Director: dena@mrgfoundation.org or 503-289-1517.
MRG’s Donor-advised and Charitable Fund Program FAQ
Expand All | Collapse AllWhy does MRG manage donor-advised funds?
MRG is committed to expanding giving in the progressive community, especially giving that supports social justice. In addition, donor-advised funds are a way MRG can support our donors as you seek to create a better world through your gifts.
Is my gift to set up a donor-advised fund tax deductible?
Yes! You receive a tax benefit in the year in which you made your gift.
How much do I need to give to set up a donor-advised fund at MRG?
For short-term donor-advised funds (distributed within 30 days), a donor must make a gift and then recommendation of at least $500 for in state grants and $1,000 for out of state grants.
Long-term donor-advised funds start with a minimum gift of $10,000 to set up the fund.
How long do I have before making grant recommendations for my donor-advised fund?
The time you have to make grant recommendations depends on the size of your donor-advised fund:
- $500 to $9,999: 30 days to distribute funds
- $10,000 to $49,999: Two years to distribute funds
- $50,000 to $149,999: Four years to distribute funds
- $150,000 to $249,999: Six years to distribute funds
- More than $250,000: specifics of the fund will be determined in a conversation with MRG staff
Does MRG charge fees to manage donor-advised funds?
MRG does charge a per-grant fee, but we waive fees for those who make direct gifts to MRG. The amount of the donation required to waive the fee depends on the size of the donor-advised fund.
Can I recommend a grant to an individual?
No. Donor-advised grants may not include any transfer to an individual or a transfer for any purpose other than a charitable purpose. Thus, donor-advised funds cannot support scholarship programs or make grants to 501(c)(4) organizations.
Can I make a grant to my child's school or the nonprofit I work for?
No. According to IRS regulations, grants cannot be made that result in more than incidental benefit for the donor, fund advisor, or person related to the donor or fund advisor (directly or indirectly).
Can I make a grant recommendation to any group I want?
Generally, yes. However, MRG will not fund a group that is working against our vision for justice, such as a group that opposes marriage equality, is anti-choice, or works to erode environmental protections. MRG’s Board of Directors is responsible for final approval of all grant recommendations.
Can I recommend a grant to a group outside of the United States?
Yes. Grants to groups working internationally are okay if the recommended group is based in the United States with a 501(c)(3) tax-exempt status.
Can my donor-advised grants be anonymous?
Yes. If you want to be anonymous, MRG will not share your information with the groups you recommend for funding.
Are you ready to submit your donor-advised fund grant report?
Organizations who receive $5,000 or more from an MRG Donor-advised fund are required to complete the report form enclosed with your contract. If your grant was under $5,000, and you want to submit a form, please do! We encourage all DAF grant recipients to complete a report as it is shared with the DAF holder. Please click here to download a copy of the form and the completed form by post or email to the address listed.