Charitable Mutual Funds (updated)

[Note: don’t assume you know what a Charitable Mutual Fund is. It’s an evocative but really misleading name but I don’t have a better handle for it yet. This is not an investment vehicle, it does not return any money. It is way to allow a donor to donate to one or more causes that match certain objectives. Please read on…]

Scenario: What if I wanted to make a charitable gift to reputable non profits, who work in my state, who focus on homelessness? I could research it with various services (such as GuideStar) I might see one or two that speak to me, and decide to write a check or two. Now of course they would come back to me a year later (or sooner) to ask for another donation, and maybe I would or maybe I’d like to pick a different one.

So here’s an idea that (literally) came to me in a dream. I don’t remember the story line but this idea stuck with me.

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