Meet Ilona and Matt Birenbaum, ACT fund holders who are using a Donor Advised Fund to help invest in the social issues they care about the most.
“We have lived here in Northern Virginia for over 20 years, and are both deeply involved in the local non-profit community. It is very rewarding to be able to see how our philanthropy is making a difference right here at home in the DMV, and ACT is a great conduit for helping to facilitate that.”
When we asked Matt and Ilona why they chose to open a Donor Advised Fund, they shared, “A donor advised fund is a great way to give to non-profits in a tax-friendly way. We have appreciated stock which we donate on a regular basis.”
An ACT Donor Advised Fund is a simple, flexible and tax-smart tool in helping philanthropic dreams come true. For the Birenbaums, housing has been a particular focus in their giving. “Matt has spent his career in the housing industry and has seen first hand how critical housing is to creating opportunity for upward mobility, as well as in supporting our local community. In fact, studies have shown that where you happen to grow up is the most important factor in determining long-term success. Our kids have had the benefit of growing up in this wonderful community and we are honored to be able to contribute in helping extend that opportunity to others who are less fortunate.”
To learn more about how you can use Donor Advised Funds to make your own philanthropic dreams come true, click here.