The power of art to inspire, comfort, and stretch the imagination is something all people can benefit from—not just those who can find their way to a museum, pay for a concert ticket, or hire a piano teacher for their children. Philanthropy can help increase access, nourish the artistic spirit, and support Vermont's creative economy at a time when it hasn't fully rebounded from the COVID-19 pandemic.
Private foundations were once the primary giving vehicle for many families and individuals, but new models like the donor advised fund have shown to be advantageous for some.
The important thing is for donors to fully consider the options and choose the approach that best works for their goals and situation in today's world. Our latest brief shares three distinctions between the two models for giving.