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LifeBridge Health Philanthropy Fund

What is The LifeBridge Health Philanthropy Fund?

The LifeBridge Health Philanthropy Fund is a donor-advised fund (DAF) managed by Morgan Stanley that works like a philanthropic savings account. Donors can contribute a minimum of $10,000 to be deposited into their account (which can be uniquely named, perhaps after one's family). The account can grow in value but instead of using the dollars to pay expenses , the cash and assets deposited into the account are granted out to LifeBridge Health affiliated hospitals and/or programs (at least 25%), as well as your other favorite charities. Grants can be made in amounts starting at $180.

What is a DAF?

A Donor-Advised Fund (DAF) is a charitable giving vehicle that allows donors to contribute as frequently as they like and then recommend grants to their favorite charities from the fund. The fund is established through a public charity, so donors can receive an immediate tax benefit on their contributions and avoid tax on appreciated assets.

What are the Benefits?

  • Leave a legacy
  • Immediate income tax deduction
  • Organize your philanthropy
  • Pass on your personal assets
  • Avoid capital gains tax
  • Build an endowment
  • Recommend anonymous grants

How do I get started?

  • After reviewing the Donor Circular and Disclosure Statement found at https://lbhphilanthropyfund.donorfirstx.com, call Joel Simon at (410) 601-4443 to request and complete an application.
  • Create a name for your fund. You can include your family name or a title that reflects your philanthropic passions.
  • Make an initial contribution of cash or appreciated assets.
  • Work with our financial consultants to make recommendation on how your fund is invested.
  • Recommend grant distributions through your on-line donor portal.