What is a donor-advised fund?
A donor-advised fund (DAF) is a type of giving program allowing you to combine the most favorable tax benefits with the flexibility to easily support your favorite charities. An increasingly popular charitable vehicle, DAFs are an excellent way to both simplify your charitable giving and facilitate your strategic philanthropic goals.
How does it work?
- Establish your DAF by making an irrevocable, tax-deductible donation to a public charity sponsoring a DAF program
- Advise the investment allocation of the donated assets (any investment growth is tax-free)
- Recommend grants to qualified public charities of your choice
Please be aware the IRS places restrictions on pledges or event sponsorships paid by Donor Advised Funds. See your tax preparer for more information.
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