Can a Donor Advised Fund with Episcopal Charities be used for contributions to my alma mater, museums, my parish, Bishops Ranch, etc.? Are there any restrictions on the uses of such funds?
Yes, contributions can be made to any public charity or educational institution, domestic or foreign, without regard to religious affiliation. Episcopal Charities, as a faith based organization, has only one condition, which is that fifty percent of the dollar amount of your annual grants must be used for the benefit of the Episcopal Church, Episcopal Charities or its partner agencies. As with any donor advised fund, there are certain restrictions required by law. For example, grants from the fund may not be used to pay for membership or dues that might be perceived as giving financial benefit to the donors, the donor’s family or business interests.
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