Donor Advised Funds

Ilene Saulsbury.

I want to be an active supporter of my community.

Many people choose to create a donor advised fund during their lifetime to maintain an active role in their charitable giving and be personally involved in their philanthropy on an ongoing basis.

Ilene Saulsbury is no different. After her retirement, she sought to further her philanthropic work on behalf of children, by contributing to The Community Foundation for Greater New Haven, where she established the Ilene M. Saulsbury Fund in 2005 under the umbrella of the Communities of Color Initiative. The fund was originally established as a donor advised fund to support nonprofits dear to Ilene in her lifetime. When Ilene passed away in 2015, her donor advised fund became a preference fund to support early childhood initiatives and organizations benefiting women and girls in perpetuity, per her wishes. Read more about this champion of the little people.

About Donor Advised Funds

Opening a Donor Advised Fund allows you or your family to make a gift to The Community Foundation, then remain actively involved in suggesting uses for your gift. If you have a range of community interests, you may find that it’s an ideal vehicle for fulfilling your charitable wishes. Donor advised funds are typically less costly and easier to administer than other forms of philanthropic giving (such as family or corporate foundations). Your gift can be combined with others to increase its impact, and you can add to the fund you establish at any time, receiving tax benefits with each new gift.