Who can be an advisor to a donor advised fund?

Any person can be an advisor to a donor advised fund. Advisors are limited to two lineal generations — typically spouses and then their children.

In the case of a business, the Community Foundation and the founder or the board of directors determine, in advance of establishing a fund, who will serve as advisor(s) and for how long they may serve.

When the designated advisor is no longer serving, the donor advised fund becomes an endowed fund in your name, permanently supporting the charitable causes outlined in your fund agreement.