Background

The American Center for Philanthropy (ACP) was established in 2001 by the founders of Carlson Capital Management (now Sequoia Financial Group), a wealth management advisory firm. The Principals of the firm wanted to provide individuals and families with an easier and more efficient way to manage charitable giving, while maximizing tax benefits. Through ACP, donors set up a fund by making an initial contribution (minimum $5,000). Upon approval of the Board of Directors, ACP then distributes the funds as recommended by the donor.

Last year, ACP donors recommended charitable distributions of nearly $5.2 million.