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Robert Isham, Sr. has been a long-time donor and donor advised fundholder at the Santa Barbara Foundation. Usually, he makes contributions to his fund through gifts of stock. By selling his stocks through the Foundation, Robert avoids capital gains with all of the money going directly to charity. Once the stock is sold, the Foundation places all of the proceeds into Robert's fund and he is free to direct spending toward the causes he cares about most. Through this great charitable vehicle, Robert is able to give back to the community, making contributions to all the organizations that mean the most to him ? his alma mater, Boy Scouts of America, the American Cancer Society, among others. Through his donor advised fund, Robert makes a variety of contributions to about 50 organizations a year.
Recently, Robert found six Austrian Corona gold coins he bought 40 years ago collecting dust in a drawer. They were inexpensive at the time he bought them, and now that the price of gold is high, he thought he might be able to get a nice return on his investment. Knowing the Foundation would be able to help, he called its funds administrator, who he speaks with frequently, to see what he should do. Wanting to turn the gold coins into a philanthropic gift, Robert entrusted the coins to the Foundation's Finance Department, who sold them by the end of the day, earning him $9800! This money was placed directly into Robert's donor advised fund so that he could continue to make grants to nonprofits. "I did not know where to turn, but knew I could do something good with these coins. I called the SBF, and sure enough, they had the answers," Robert said. "I am so pleased I was able to turn a 40-year investment into a gift for my community."
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