A Donor Advised Fund is a charitable giving vehicle that combines immediate tax benefits with the ability to support your favorite charities on a flexible timetable.
Contributions to the Donor Advised Fund are eligible for current year tax deductions, but also remain available to you for giving in the future. Your contributions have the potential to grow in managed investment pools, allowing you to make a greater impact on your favorite causes over time.
Your Donor Advised Fund requires less paperwork and offers more tax advantages than a private family foundation. Reporting donation for tax purposes is easier, eliminating the need to sort through a year's worth of charitable receipts.
Tompkins Charitable Gift Fund investments are not deposits or other obligations of, and are not guaranteed by Tompkins Community Bank and are subject to investment risks including possible loss of the principal amount invested.