Donor Advised Fund: Lori and Derek Bower

Donor Advised Fund: Lori and Derek Bower

Lori and Derek Bower

Though inheritance gifts are not often taxed, Lori and Derek Bower found themselves with taxable income from his mother’s home sale, as well as quickly depreciating oil and gas stocks. By opening a Donor Advised Fund at the Foundation, they were able to redirect the money owed in taxes to their church and other local charities. “When you’re already charity-minded, the Foundation is a great tool for being able to give even more,” said Lori. “Rather than paying gains on appreciated stock, we transferred the stock to our Donor Advised Fund, which made those gains available to give to charity— completely tax free.”