A donor advised fund (or DAF) might be a great solution for you. You can use a DAF to distribute gifts to numerous charities. With a DAF, you can make gifts to charity during your lifetime, and when you pass away, your children can carry on your legacy of giving.
- Establish a flexible vehicle for annual charitable giving
- Benefit from a more tax and cost efficient alternative to a private foundation
- Obtain a charitable income tax deduction in the year of your gift
HOW A DONOR ADVISED FUND WORKS
- You make an initial, irrevocable gift of cash or stock to fund a DAF at a sponsoring organization.
- The assets in your DAF grow tax-free.
- You make annual recommendations on gifts to be made from your DAF.
GIFTS FROM YOUR DONOR ADVISED FUND
Your donor advised fund has several advantages. You can make one larger gift to a DAF and then recommend grants through your sponsoring organization to us and other nonprofits. We will acknowledge your generous gift as a DAF distribution.
CONTACT US
If you have any questions about donor advised funds, please contact Kim Williams at kwilliams@heartofindiana.org or 765-608-3064. She would be happy to assist you and answer any questions you might have.