Some funds in the Foundation are donor-advised philanthropic funds. These funds are established with a donation to the Foundation, often with appreciated stock or by year-end donation of cash to take advantage of charitable deductions from current income tax. Subsequently, the donor recommends distributions from the fund to qualified charities recognized by the IRS. This allows the donor to take advantage of a making one donation, such as the transfer of appreciated stock, receiving a tax deduction for the full value of the appreciated stock, and then making multiple smaller distributions from the proceeds of that transfer at later dates. A donor can name a child or children as successor Trustees, to encourage children to continue the tradition of philanthropy.