You have a vision for your charitable giving. Do those around you share it?
When you are gone, will your charitable legacy remain intact or succumb to the whims of future generations?
Sadly, it is all too common for charitable capital to stray from the original donor’s wishes and the principles of liberty. This drift away from the donor’s intent can come from a number of sources:
- Most commonly, the donor simply did not put his or her charitable intentions in a way that could be followed after his death. This is what happened to so many of the big foundations, such as the Ford and Rockefeller Foundations.
- Sometimes, a donor’s charitable dollars are entrusted to a group that changes over time or, through growth, decides there are other opportunities that could be funded with a donor’s dollars while still ostensibly following the donor’s wishes. You can see this in the Robertson case at Princeton University.
- And sometimes, a donor’s wishes can be clear, but future generations simply make a decision about what is “best” for those charitable dollars. Howard Pew clearly intended for his Freedom Trust to extol the free market and inform people of “the paralyzing effects of government controls on the lives and activities of people,” but those principles have eroded from the giving philosophy of the Pew Charitable Trusts over time.
Protecting Your Intent Starts Now
We often think of donor intent being a problem after one’s lifetime, though institutions can fail to meet a donor’s wishes even in life, particularly if the donor does not have the time, energy, or ability to keep close watch on the way an organization uses a gift, or if the donor simply doesn’t know that an organization he or she funds because of one project is separately engaged in many things that he or she opposes.
Established in 1999, DonorsTrust serves as a check against its client’s charitable dollars drifting into areas of which they would disapprove. DonorsTrust is the sole donor-advised fund dedicated to safeguarding the charitable intentions of conservative and libertarian donors committed to promoting a free society through the ideals of limited government, personal responsibility, and free enterprise. We differentiate ourselves from other community foundations and donor-advised funds by providing a safe, efficient, and principled philanthropic vehicle.