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Start or join a giving
circle.
Many donors are
discovering the joys of philanthropy
by joining with other like-minded individuals to form giving circles.
To form a giving circle, donors pool their funds, invest them, and then
make joint decisions about how to distribute the income and/or principal
of these funds to charitable organizations in the form of grants. Donors
will often commit to participating in a giving circle for a number of
years at an established dollar level. The pooled funds may be held at a
community foundation (in the form of a donor-advised fund, for example),
at a local bank, or at some other nonprofit or commercial entity that
will invest the funds and enable them to earn income.
Here in Connecticut,
for example, a group of 13 Jewish
couples met for 28 years to pray, share food, and collaborate on
contributions to projects ranging from a local soup kitchen to an
Israeli orphanage.
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NEXT STEPS …
The Connecticut
Council for Philanthropy has several resources on giving
circles. Call us at 860-525-5585 or 800-437-1190 to learn more. |
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