Gibson Family Fund Gives Flexibility to Support Charities of Choice

The Gibson Family Fund was established in April 1996 by Dave and Ginny Gibson.  The goal of the fund was to establish an endowment that would provide an annual income to fund local designated charitable groups. At that time the Gibson children Gayle and Cameron were 22 and 19.  Dave and Ginny felt it was important that they understand the importance of charitable giving and their responsibility to their community. Each year they meet and determine to which organizations they will contribute. They typically choose four to six organizations where they have had an involvement or see a special need. The Gibson Family Fund was established in MCCF because the Gibsons understood that the funds would be professionally managed and that there was a local office that could provide input and answer questions the children might have in the future.  Dave Gibson is a founding member of MCCF and shares that his family’s experience with MCCF has been very positive.  The flexibility of a donor designated fund gives them a wonderful way to insure that the causes they care about can be funded not only during their lifetime but for years in the future.

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A Donor Advised Fund at the Community Foundation is a good option for those who wish to be involved in their giving personally or with their families, but prefer not to handle the administrative and organizational burden. Donor Advised Funds are also a popular alternative to a private or family foundation because they offer many of the same benefits without the IRS-mandated distribution requirements or administrative burdens. A Donor Advised Fund is an efficient, cost-effective charitable giving solution that offers donors the flexibility to take immediate tax benefits for contributions and support their favorite charities on their own timetable.