Background

The American Center for Philanthropy (ACP) was established in 2001 by the founders of Carlson Capital Management, a wealth management advisory firm. The Principals of the firm wanted to provide individuals and families an easier and more efficient way to manage their charitable giving, in addition to 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.

ACP holds the donor-advised funds of more than 150 donors and their families. Last year, these donors made charitable distributions exceeding $4.8 million.