Donor Advised Funds Provide Strategic Giving Vehicle

CFNEIA
July 25, 2018

For donors who value convenience and choice, a donor advised fund (DAF) is one of the most powerful charitable tools for making your community stronger. Donor advised funds provide a hands-on approach to philanthropy.

Personalized Giving: Your fund is your tool for personalized giving. Support the causes and community you love by making grants to multiple projects and needs as they arise throughout the year, all through one convenient charitable account. CFNEIA staff can help connect you with causes you’re passionate about using our in-depth knowledge of community needs and partnerships with nonprofits across our 20-county region.

Family Engagement: Many donor advised fundholders involve family in grantmaking decisions and name successor advisors to pass on their philosophy of generosity. The Community Foundation will administer the Fund, forever, as directed by the fundholders.

Tax Advantages: Donor advised funds through the Community Foundation offer unique tax advantages and can offer a charitable strategy with the new increased standard deduction. If you have the financial ability to make a single contribution to a DAF in an amount equal to several years of your anticipated charitable gifts, you can then make grant recommendations to your favorite charities anytime you choose. Front-loading a larger charitable gift in one year, or “bunching gifts,” can help you increase your itemized deduction to exceed the standard deduction and maximize your deduction in a given year.

The minimum to establish a donor advised fund is $10,000.

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