Donor-Advised Fund Opportunities
Support Unique Charitable Interests with a Fund Administered by the Pennsylvania Bar Foundation
The Bar Foundation is the ideal vehicle to carry out philanthropic partnerships where numerous donors contribute to a single philanthropic fund at the Foundation to accomplish a long-term objective or short term projects. Such projects can be initiated by the Bar Foundation or by others in the legal community who identify a charitable objective and need a charitable organization to assist with the project. A philanthropic fund at the Bar Foundation offers contributors tax and administrative advantages over establishing a separate organization.
There are four basic categories of funds based on the restrictions imposed by the Bar Foundation or the donor. Grants/distributions are made from the fund in accordance with the instructions given at the time of the fund’s creation
- Unrestricted Fund where the Bar Foundation has complete discretion to make charitable grants;
- Designated Fund from which distributions are restricted to a public charity that was named by the donor at the time the contribution was made to the Bar Foundation (for example, a fund for a pro bono annual initiative);
- Field of Interest Fund from which distributions are restricted to a charitable purpose specified by the donor (for example, education or access to justice);
- Advised Fund where the donor (or a person or committee designated by the donor) can advise the Bar Foundation on charitable distributions. The recommendations are only advisory as the Board of Directors of the Bar Foundation has legal control over all distributions.
All funds are subject to a 1% annual administrative fee based upon the average balance of the prior three quarters.
For more information about realizing your unique charitable interest, please contact Foundation Executive Director Marie Queen.