Donor Advised Funds Explained

In brief, a donor advised fund is an easy, tax-efficient way to give to charities such as Giving Center. Donor-advised funds, or DAF,  allows donors to make a charitable donation, receive a tax deduction immediately, and then recommend grants from the fund over time. As a donor, you can contribute to the DAF as often as you’d like, and then recommend grants to charities like Giving Center. Donors contribute assets, those assets grow, and Giving Center benefits.

To begin a donor-advised fund, you, the donor, makes a contribution of personal assets, such as cash, stock, real estate, retirement account assets, cryptocurrency, and more. Once your charitable contribution is made, you immediately receive the maximum tax deduction the IRS allows. You name your donor-advised fund account, advisors, or charitable beneficiaries. Your charitable contribution is placed into the DAF where it can be invested and grow tax-free.

You can then recommend grants from your DAF to IRS qualified charities, such as Giving Center.IRS qualified charities must meet certain requirements in order to be considered a 501(c)3 non profit. Giving Center is an IRS approved 501(c)3 not for profit charity located in the United States. Giving Center, with a network of individuals and organizations serves to help a wide range of causes. Our focus is on education and the improvements of the lives of those less fortunate. It is only with our donor’s assistance, we are able to help social service agencies, schools, shelters, Veterans, students, those with financial challenges, and many more.

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