Donor Advised Fund
Harness the Giving Power of a Private Foundation
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 the University of Rhode Island and other charities.
You transfer cash or other assets to a tax-exempt sponsoring organization such as a public foundation. You can then recommend—but not direct—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.Watch How It Works
Support What Matters
Learn more about donor advised funds. View and download the FREE guide One-Stop Giving: The Convenience and Simplicity of Donor Advised Funds.View My Guide
An Example from URI
The greatest gift the University of Rhode Island gave Kent and Diane Fannon was bringing them together. But that's just one of many reasons they love their alma mater and have given back so generously.
"We benefited from our education there, personally and professionally," Diane says. "When you have the ability to give back, you should. It didn't take us very long to decide that the place we most wanted to give back to was the University."
The campus radio station brought the couple together. They graduated in 1974—Diane in elementary education and English and Kent in accounting—and married in 1976. Today, the Fannons live in Dallas, where Kent is a partner in an executive search firm and Diane a principal in an advertising agency.
The successful pair regularly participates in Annual Career Day for the College of Business Administration. They have funded two scholarships and an endowed career fund to help business students find jobs, as well as made planned gifts, including naming URI as a major beneficiary of their donor-advised fund. Using a simple form, a beneficiary designation is an easy way to make a gift of life insurance, donor advised funds, retirement plan assets, or bank or brokerage accounts. Read the full story.
Gifts That Pay
Your payments depend on your age at the time of the contribution. If you are younger than 60, we recommend that you learn more about your options and download this FREE guide Plan for Retirement With a Deferred Gift Annuity.View My Guide
- Evaluate a sponsoring organization to make sure it supports your interests, values and the type of asset you are considering as a funding source.
- Get to know the organization's policies and procedures-from minimum contributions to administrative fees. Each organization handles these details differently.
- Contact Lindsey Yates-Grimley at 401.874.2042 or email@example.com to discuss using donor advised funds to support URI and our mission.
- Seek the advice of your financial or legal advisor.
- If you include URI in your plans, please use our legal name and federal tax ID.
Legal Name: The University of Rhode Island Foundation
Address: 79 Upper College Road, Kingston, RI 02881
Federal Tax ID Number: 05-6014351
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual 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.