Frequently Asked Questions

Question:

Why create a charitable fund rather than making an outright gift to a charity?

Answer:

There are two answers. First, a donor must consider whether their charity of choice has the capacity to effectively steward a significant financial gift, or whether it would be poorly managed or squandered. There is also the consideration of whether a large gift might have disastrous results for the charity—permitting off-mission decisions that could negatively impact their future. Second, a charitable fund at Triangle Community Foundation affords the donor access to the resources and expertise of the Foundation staff. The end result is more strategic and more satisfying charitable giving.