Philanthropy

Harris Launching Donor Fund Program

Wendy Connett Editor 25 August 2010

Harris Launching Donor Fund Program

Harris is launching a donor-advised fund program, the Harris Charitable Fund Program, under the sponsorship and management of National Philanthropic Trust. Meanwhile, the Harris myCFO Foundation, has also granted its assets to NPT to administer.

Assets acceptable as contributions from donors under the Harris Charitable Fund Program include cash, appreciated stock, bonds, mutual funds, restricted and closely-held or non-publicly traded securities, real estate, limited partnerships, deferred gifts and other illiquid assets. Investment options offer a variety of investment pools that are designed to reflect a donor's philosophy on investment risk, reward and time-horizon for donor-advised fund grant recommendations.

"Charitable giving is very important to our clients, and we want to offer them the most flexible donor-advised fund program possible," Claudia Sangster, Director of Philanthropy Services for Harris, said in a statement.

Chicago-based Harris is part of BMO Financial Group. National Philanthropic Trust is an independent public charity and is one of the nation's largest donor-advised fund providers.

 

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