What is a Donor Advised Fund?
A Donor Advised Fund (DAF) is a charitable giving program that allows you to combine tax benefits with the flexibility to support your favorite charitable organizations.
How does it work?
- Consult your financial advisor to set up your DAF and investment allocations.
- Recommend grants to WJCS and other charities you support, with the option of being recognized or remaining anonymous.
What are the main advantages of a Donor Advised Fund?
- The DAF sponsor handles all record-keeping, disbursements, and tax receipts.
- Timing of your tax deduction can be separate from your charitable decision making.
- Contributions are tax-deductible and any investment growth in the DAF is tax-free. It is also easy to donate long term appreciated securities, eliminating capital gains taxes and allowing you to support multiple charities from one block of stock.
A DAF is a beautiful way to express your philanthropy.