Want to call yourself a philanthropist without the means to back it up?
Exton-based Triskeles Foundation can help: The nonprofit is hosting a “philanthro-raffle” to gift a donor-advised fund to one participant.
Donor-advised funds increase the impact of charitable gifts through mission-minded investments; think of them as saving accounts for giving. Triskeles Managing Director Alexis McCarthy wrote a solid explainer here.
Here’s how the raffle works:
- Wannabe philanthropists can buy one tax-deductible raffle ticket for $25 or five for $100 through Thursday, May 31.
- Seventy-five percent of those donations will be pooled into one donor-advised fund. (Triskeles will keep 25 percent for its own operations.)
- Triskeles will choose one donor on Friday, June 1, who will win control of that donor-advised fund to benefit the nonprofit of their choice.
- The funds will be “invested in values-aligned vehicles, creating impact even before proceeds are gifted to charity,” according to a release.
“At Triskeles Foundation, we believe that aligning practice with purpose — at the individual level, in the community and on a global scale — can help achieve a positive future,” said Clemens Pietzner, founder of Triskeles Foundation, in a release.
“Since our inception, we have distributed millions of dollars to thousands of nonprofits. Our first-ever philanthro-raffle is the perfect opportunity for investors of all levels to learn about the exciting ways they can make a positive impact — whether they are new to philanthropic investing, very active or somewhere in-between.”-30-
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