WHAT IS THE NOVUS SOCIETY?
Are you ready to go from simple donor to philanthropist?
With a donor-advised fund as part of the Novus Society, the distance between merely donating and being a philanthropist has never been shorter.
Novus Society at DonorsTrust will engage with and grow the next generation of philanthropists. It offers donor-advised fund accounts for young professionals under the age of 40, featuring lower minimum opening contribution requirements and opportunities to expand your charitable giving horizons by working collaboratively with your peers.
WHY NOVUS SOCIETY?
We think anyone can be a philanthropist, because philanthropy doesn’t depend on the amount of money you’re giving. Instead, what matters is the amount of thought and strategy you’re putting in.
Advance your charitable goals with a strategic giving tool, vetted causes, and a helpful partner.
Connect and collaborate with like-minded peers at special events and online.
Meet and learn from some of the most effective philanthropists in the world
HOW IT WORKS
WHO WE ARE
The Novus Society is a project of DonorsTrust, a community foundation with a commitment to limited government, personal responsibility, and free enterprise.
DonorsTrust brings more than 17 years of experience to understanding the liberty movement and the charitable action that supports those principles.
DonorsTrust serves as more than just a platform for the mechanics of a donor-advised fund. The clients and friends of DonorsTrust will serve as a network of mentors to Society members, and the list of more than 1,700 pre-vetted organizations that have received grants from DonorsTrust gives Society members a starting point for any avenue of giving they choose.
Support to launch the Novus Society comes from the Whitney Ball Memorial Fund at DonorsTrust.
Whitney Ball was a powerhouse in the liberty movement, starting DonorsTrust with a single account and fostering it to an organization bringing in more than $100mm each year.
Cancer cut her life short in 2014, but her commitment to strengthening the network of groups working to advance liberty lives on through DonorsTrust and in the new generation of givers fostered by the Novus Society.
Who can be a member of the Novus Society? Donors under the age of 40 with a commitment for the principles of liberty, free enterprise, and limited government.
What does it cost? An account can be opened with $1,000. Once the account has reached $5,000, you can begin recommending grants. There is no minimum balance after that. All contributions to your account are fully tax-deductible. DonorsTrust charges 1% annually for our work in handling the due diligence, check-writing, and account management.
How do I use my account? Think of your donor-advised fund as a charitable savings account. You contribute in, receive your tax deduction, and then have funds ready and available when you come across a non-profit organizations you’d like to support. It’s a bit like a private foundation, but much cheaper, and it’s simpler than donating to individual organizations as DonorsTrust does all the work of making the grant. You just tell us where it should go.
Can you recommend charities for me to consider? Sure we can. Many folks come in with a specific set of groups to support. Others know they care about certain issues but lack a clear sense of the “charity landscape.” DonorsTrust can help you work through your intent and help pair your interests with appropriate organizations. (We’ve made grants to over 1,700 groups so we have a good sense of what might be available to you.)
What can’t I do with my account? DonorsTrust was founded to support donors who care about the principles of liberty, namely limited government, personal responsibility, and free enterprise. Your grants can support most any 501(c)(3) non-profit (including religious institutions) so long as it doesn’t work to expand government and takes a minimal amount of government money. You also can’t use a donor-advised fund account to give to anything where you’d get something in return, whether that’s a seat at a dinner, membership dues that feature benefits, or just a commemorative tote bag.
What is DonorsTrust? The Novus Society is a project of DonorsTrust, the community foundation for liberty. DonorsTrust brings over 20 years of experience to understanding the liberty movement and the charitable action that supports the principles of limited government, free enterprise, and personal responsibility. DonorsTrust serves as more than just a platform for the mechanics of a donor-advised fund. The clients and friends of DonorsTrust will serve as a network of mentors to Society members, and the list of more than 2,200 pre-vetted organizations that have received grants from DonorsTrust gives Society members a starting point for any avenue of giving they choose.