A donor-advised fund, or DAF, is like a charitable investment account for the sole purpose of supporting charitable organizations you care about, and they are quickly becoming one of America’s most popular tools for charitable giving.
When you contribute cash, securities, or other assets to a donor-advised fund organization, you are generally eligible to take an immediate tax deduction. Then those funds can be invested for tax-free growth, and you can recommend grants to charities and causes you care about. DAFs are like your own private foundation but without any of the administrative red tape.
How a Donor Advised Fund Works
- You make an initial, irrevocable gift of cash, stock, or other assets to fund a DAF at an investment organization, community foundation, or Christian foundation.
- The assets in your DAF grow tax-free.
- You make annual recommendations on gifts to be made from your DAF to non-profits, like Phoenix Rescue Mission.
- We will acknowledge your generous gift as a DAF distribution.
Have questions? Please contact our Legacy Giving team at 602-346-3342 or firstname.lastname@example.org for assistance.