Support the Important Causes in Your Life

Donor Advised Funds

A donor advised fund, which is like a charitable savings account, gives you the flexibility to recommend how much and how often money is granted to Towson University and other charitable organizations.

You transfer cash or other assets to a tax-exempt sponsoring organization such as a public foundation. You can then recommend, but not direct, how much and how often money is granted. In addition, you avoid the cost and complexities of managing a private foundation.

In return, you receive an immediate federal income tax charitable deduction at the time you contribute to the account. This also allows for a centralized giving and record-keeping system in one location.

A Real-Life Example

Joe and Laura want to give back to Towson University by putting their money where it will do the most good. They establish a $25,000 donor advised fund with a community foundation.

The couple receives a federal income tax charitable deduction for the amount of the gift. They also get all the time they need to decide which programs and projects to support.

After researching University needs with the Foundation’s staff, Joe and Laura recommend grants for the Towson Fund and the Tiger Athletic Fund (which they've supported for years). The Foundation presents the checks from the Megan Fund, which Joe and Laura named in honor of their granddaughter. Joe and Laura are delighted to start this personal legacy of giving.

Get Started With These Next Steps

  1. Evaluate a sponsoring organization to make sure it supports your interests, values and the type of asset you are considering as a funding source.
  2. Get to know the organization's policies and procedures-from minimum contributions to administrative fees. Each organization handles these details differently.
  3. Contact Kathleen Hider at 410-704-6287 or khider@towson.edu to discuss using donor advised funds to support Towson University and our mission.
  4. Seek the advice of your financial or legal advisor.
  5. If you include Towson University in your plans, please use our legal name and federal tax ID.
Legal Name: Towson University Foundation, Inc.
Address: Towson University Foundation, 8000 York Road, Towson, Maryland 21252-0001
Federal Tax ID Number: 52-0939453