When I contribute assets to a donor advised fund, where does my contribution go?

Donor advised fund contributions go to into the pooled fund of the Community Foundation for which BB&T Bank is the custodian. In this event you will receive quarterly statements from BB&T showing the balance of your fund and all accretions to and deductions from your fund for the quarter in question. If your fund balance exceeds $100,000, your professional advisor may retain investment management of the fund, in which event he or she will invest the fund on behalf of the Community Foundation and custody its assets with the professional advisor’s usual custodian.