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Philanthropic Funds
InterAct for Change Philanthropic Funds are excellent tools for achieving philanthropic goals. The philanthropic funds offered by InterAct for Change provide tax-advantaged vehicles for charitable giving, grantmaking, and program and endowment management.
Philanthropic Funds at InterAct for Change
- Donor-Advised Funds. Donor-Advised Funds are very popular because of their convenience and flexibility. With a minimum contribution of $25,000, any family or individual can establish a Donor-Advised Fund, determine the name of the fund, and make recommendations on charitable grants from the fund. The donor receives a tax deduction in the year of the gift and can add to the fund at any time. Click here for more details.
- Restricted Funds. Restricted funds are established to promote and provide support for a particular program, purpose, or area of interest. Donations to restricted funds at InterAct for Change are tax deductible. Typically, multiple donors contribute to a restricted fund and an advisory group makes recommendations about how the funds are used. InterAct for Change is the home for restricted funds for a variety of nonprofit organizations, Giving Collaboratives, and various causes, including:
- SVP Cincinnati – to promote venture philanthropy and nonprofit capacity building;
- Project (Help Other People Endure) H.O.P.E. – to feed and clothe AIDS orphans in Langkloof, South Africa;
- Scholarships – scholarships for men and women studying nursing and other subjects.
- Endowment Funds. . InterAct for Change offers financial, investment, and administrative services to nonprofit organizations that are interested in a third-party home for their endowment fund. Many times, nonprofit boards of directors do not have the expertise to manage an endowment fund. The professionals at InterAct for Change work with boards of directors to identify the organization's goals for the endowment fund, and determine policies and strategies to accomplish those goals. Endowment funds transferred to InterAct for Change become legal assets controlled by InterAct for Change for the benefit of a specific charitable organization. Click here for details.
Click here for details on restricted funds.