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WCI also provides opportunities
for individuals, families, and businesses to set up trusts
and donor-advised funds. Donors
can direct gifts to their favorite charities through WCI.
We act as the liaison between donors and charities. Donors like
the freedom to focus on their charitable goals without worrying
about the legal paperwork. Often donors will include other
family members in the decision making process to instill
philanthropic
attitudes.
WCI can provide insight into a charity’s
ability to successfully deliver programs. Our staff has many
years of experience evaluating
successful programs in the non-profit world. Donor anonymity
can be protected, if desired, because gifts are given through
WCI.
In all cases, these funds must meet state
and federal regulations on making grants to 501(c)(3) non-profits.
Developing donor
advised funds is an effective and lower-cost method to create
a “family
or corporate foundation” without creating a more expensive
independent foundation. This reduces paperwork, record keeping,
staffing and at the same time, maximizes the charitable deduction
of one’s gift. |
