Charitable Gift Funds

[John Tuttle]

I am considering opening a Charitable Gift Fund. My understanding of this type of fund is that we can claim the deduction this year, but make charitable contributions in smaller amounts in coming years. (Once you put the money in the fund it is no longer yours. You recommend charities to the fund manager and the check comes from them.)

Does anybody have any experience with this kind of fund?

Are there any gotchas?

 

[WFL]

I think Vanguard limits you to 6 checks a year with a minimum of $500 per check.
Is that what you mean by a gotcha?