Support What Matters
Learn more about donor advised funds. View and download the FREE guide Centralize Your Giving With Donor Advised Funds.View My Guide
Harness the Giving Power of a Private Foundation
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 Penn State and other charities.
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. You can create a lasting legacy by naming your loved ones as your successor to continue to recommend grants to charitable organizations, or name Penn State as a beneficiary to receive all or part of the account after your lifetime. With a donor advised fund, you also avoid the cost and complexities of managing a private foundation.
In return, you qualify for a 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. If you would like to make a gift through your donor advised fund to any of Penn State’s colleges or campuses, including Penn State Health, please follow these instructions:
Make all checks payable to “The Pennsylvania State University” (Tax ID: 24-6000-376) and send to the following mailing address:
The Pennsylvania State University
Office of Donor & Member Services
2583 Gateway Drive, Suite 130
State College, PA 16801
Take Action! Visit Your Fund
1. Recommend a grant
2. Impact Penn State
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Those who give to Penn State through their donor advised fund do not receive a tax receipt from the University when the grant recommendation funds are secured, as they receive their tax deduction at the time that their contribution is made.
Build Your Philanthropic Legacy through the Penn State Giving Fund
Penn State has teamed with BNY Mellon Charitable Gift Fund™ as our sponsoring charitable organization to provide concierge service when opening and managing your own donor advised fund with the Penn State Giving Fund. By creating a fund—named the way you choose—you can establish one source of support to fuel all of your charitable contributions, including a portion that may be directed strategically over time to support the University initiatives that you care about.
An Example From Penn State
Alum Ken Kulju recognized an investment opportunity when he learned about the Penn State Giving Fund, which allows supporters to create their own personalized giving fund to benefit the University.