FRIENDS OF BERMUDA COMMUNITY FOUNDATION - DONOR ADVISED FUNDS (DAF)

Friends of Bermuda Community Foundation is a 501(c)(3) non-profit organization that sponsors the establishment of a Donor Advised Fund (the "Donor Fund” or "DAF") at Bermuda Community Foundation (BCF). To establish a Donor Fund, you make irrevocable contributions to Friends of Bermuda Community Foundation, which then makes a grant to BCF to open the Donor Fund.  Once established, you may recommend charitable organizations to receive grants from your fund. The Bermuda Community Foundation administers the Donor Fund, including all paperwork, tax records and grant disbursements to recipient charities.

Although you receive tax deductions at the time of your contributions, a Donor Fund offers you the flexibility to recommend grants today or in the future. And to support you in recommending grants, BCF can provide guidance and advice on philanthropic causes—including arts and culture, education, environment, and health and human services—based on its network of non-profit organizations.

You may choose to name fund advisors to your Donor Fund who will continue to make contributions and recommend grants beyond your lifetime, creating your philanthropic legacy[1].

The Fund offers you a full service program designed to help make philanthropy simple and effective, now and for years to come.

Payment Methods

To make a contribution to Friends of Bermuda Community Foundation to support a Bermuda-based charity, to establish a Donor Advised Fund or to contribute to an existing donor fund, complete the Gift Intention Form.

For banking and wire payment information, please click here.  Bank Information and Payment Methods for American Donors.

If you are a donor affiliated with the America's Cup Endeavour Community Sailing Fund and wish to receive a tax receipt, please use this Bank and Wire Transfer Information America's Cup Donor Fund Contribution Payment Instructions.



[1] BCF shall have all powers, other than those retained by the Donor pursuant to the terms of its fund agreement, necessary or desirable to carry out the intent or purposes of the Fund, including, but not limited to, the power to retain, invest and reinvest all or any part or parts of an Endowed Fund.  BCF commingles the endowed Fund Assets with those of other funds for investment purposes.  The Fund Advisory Committee shall be given access to review the accounting related to the Fund and any co-mingled accounts on no less than an annual basis.