In this new feature, we’ll share a question we commonly hear about the possible uses of a donor-advised fund with the Bradley Impact Fund.
QUESTION: I already have a family foundation, or I am considering starting one. Can the Bradley Impact Fund take the place of my foundation or work in partnership with one that I already have established?
Yes, the Bradley Impact Fund can do both! The Bradley Impact Fund is highly flexible and can either completely replace a private family foundation or come alongside it as a strategic partner.
Working in Partnership
Many families choose to keep their private foundation and use the Bradley Impact Fund for specific strategic purposes.
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Complex Asset Liquidation: If the foundation or family receives complex assets (like privately held stock, real estate, or cryptocurrency), the Bradley Impact Fund can efficiently liquidate them into cash without triggering foundation-level tax penalties.
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Strategic Advisory Services: Augmenting or acting in place of a private foundation program, the Impact Fund offers a range of services including research and analysis of current or prospective grantee organizations, gift agreement development, grant administration and monitoring, and more.
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Anonymous Grantmaking: Private foundations must list their grantmaking on publicly available Form 990-PF filings. However, if a foundation makes a grant into its Bradley Impact DAF, and then directs support to an organization, the gift can remain anonymous.
Alternative to the Foundation
If the administrative burden, legal fees, or reporting of a private foundation are no longer desirable, you can forego foundation formation in the first place or choose to wind it down:
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Seamless Transfer: The foundation can distribute its remaining assets directly to a Bradley Impact Fund donor-advised account.
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Lower Overhead: You can eliminate the need for annual IRS filings and separate legal and accounting expenses, all while keeping your charitable capital active and focused on giving.
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Preserving Your Mission: The Bradley Impact Fund’s commitment to donor intent ensures that the mission and philanthropic goals of your family foundation are protected and executed across multiple generations.
Whether you already have an established family foundation or you are weighing the benefits of starting one, we are here to help! Schedule a conversation today.