With a Business-Advised Fund, The Park City Foundation manages the assets and advises on nonprofits of interest, while you recommend grants. When solicited, you may reply that you do "all of your corporate giving through The Park City Foundation."
You may contribute to these funds at any time, receiving the maximum tax benefit allowable with each new gift.
Business Advised Funds may be held in either of the below structures:
With a Spend Down Fund, gift principal and investment income earned is fully available for granting. An annualized administrative fee is assessed. The minimum grant request is $100.
Endowment Funds allow you to provide stable, perennial financial support to the organizations, needs and causes most important to you. Endowments operate much like a private foundation, yielding a set percentage for granting each year, but without the need for you to manage the legal reporting requirements or staffing needs. You may recommend current and future grant recipients or enrich the lives of your children by passing your giving legacy to them. Investment income accrues to the fund, and a quarterly administrative fee based on a percentage of assets supports The Foundation's operations.
Fund assets in excess of $1 million may recommend an alternative investment advisor or manager for their funds.
Business Advised Fund donors enjoy a wide variety of professional strategies and services that make charitable giving easy and flexible.
See our donor services and benefits.