Support the Important Causes in Your Life
A donor advised fund, which is like a charitable savings account, gives you the flexibility to recommend how much and how often money is granted to Alzheimer's Disease Research, Macular Degeneration Research, and/or National Glaucoma Research, programs of BrightFocus Foundation, and other charities.
You transfer cash or other assets to a sponsoring organization such as a community foundation or the charitable affiliate of a financial services provider. You can then recommend how much and how often money is granted. In addition, you avoid the cost and complexities of managing a private foundation.
In return, you qualify for a federal income tax charitable deduction at the time you contribute to the account. This also allows for a centralized giving and record-keeping system in one location.
An Example of How It Works
Joe and Laura want to give back to their hometown by putting their money where it will do the most good. They establish a $25,000 donor advised fund with a community foundation.
The couple receives a federal income tax charitable deduction for the amount of the gift. They also get all the time they need to decide which charities to support.
After researching community needs with the foundation’s staff, Joe and Laura recommend grants for programs of BrightFocus (which they've supported for years) and the Animal Rescue League. The foundation presents the charities with checks from the Megan Fund, which Joe and Laura named in honor of their granddaughter. Joe and Laura are delighted to start this personal legacy of giving.
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Support What Matters
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- Contact Charles Thomas at 301-556-9397 or firstname.lastname@example.org to discuss using donor advised funds to support one of BrightFocus' research programs.
- Seek the advice of your financial or legal advisor.
- If you include one of BrightFocus' research programs in your plans please let us know.
Legal Name: BrightFocus Foundation
Address: 22512 Gateway Center Drive, Clarksburg, MD 20871
Federal Tax ID Number: 23-7337229. This is the number for all three programs.
*BrightFocus programs are Alzheimer's Disease Research, Macular Degeneration Research, and National Glaucoma Research.
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.