How much control and freedom would my client have in recommending grant recipients?
With a Donor Advised Fund, your client can recommend a grant to any qualified organization that falls within the broad philanthropic mission of the Foundation. The United States has over 650,000 qualified charities. The Foundation will ensure that groups recommended for a grant meet the necessary requirements.
In complying with federal tax laws, and for the protection of your client, the Foundation must reject grant recommendations that would benefit an individual, fulfill a personal obligation, support a political campaign, or that is for a Private Foundation. However, scholarship funds do support selected students for their educational needs.