Donor-Advised Fund (DAF)
A donor-advised fund (DAF) is a way to simplify your giving. By giving to a DAF, you can distribute gifts to the charities of your choice during your lifetime, and help your children carry on your legacy of giving.
Are you looking for a way to benefit Classical KING both now and in the future? Would you like to simplify your annual and lifetime charitable giving? A donor-advised fund (or DAF) might be a great solution for you.
Benefits of a donor-advised fund
- Establish a flexible vehicle for annual charitable giving
- Benefit from a more tax- and cost-efficient alternative to a private foundation
- Receive an estate tax deduction and savings from your gift
- Obtain a charitable income tax deduction in the year of your gift
What is a donor-advised fund (DAF)?
A donor-advised fund is a way to simplify your giving by making a gift to a fund that can distribute gifts to the charities of your choice during your lifetime and help your children carry on your legacy of giving after you are gone.
Donor-advised fund video
How a donor-advised fund works
- You make an initial, irrevocable gift of cash or stock to fund a DAF.
- The assets in your DAF grow tax-free.
- You make annual recommendations on gifts to be made from your DAF.
- When you pass away, your children may recommend charitable gifts from your DAF.
More on donor-advised funds
A donor-advised fund has several advantages when compared to a private foundation. The start-up time and cost are minimal for DAFs, and gifts to DAFs are generally deductible at fair market value. A DAF is also not subject to the distribution requirements and certain excise taxes faced by private foundations.
Contact us
If you have any questions about donor-advised funds, please contact us. We would be happy to assist you and answer any questions you might have.
