21 Apr Foundation Welcomes the McCarthy Family Fund
Michael and Rene McCarthy have established a Donor Advised Fund to benefit the charitable causes they care most about. The McCarthys are raising their three girls in the Gables and love everything the City has to offer their young family. Michael is a Vice President at Royal Caribbean and serves on the Foundation’s Board of Directors and Co-Chairs the Foundation’s Community Giving Committee.
The Foundation administers Donor Advised Funds for local families and individuals who use the Coral Gables Community Foundation to manage the investment and distribution of their charitable giving.
Donors have the ability to request disbursements over time from their Fund to their favorite causes and charities, while the Foundation provides maximum tax advantages and handles all of the back end and administrative support. Donor Advised Funds are like having your own private foundation without the burden and expense of incorporation and administration.