Donor Advised Funds (DAF)
What is a DAF?
A donor-advised fund (DAF) is an investment account that allows you to give back to a cause that inspires you. It is composed of donations made by individuals and administered by a third party, called the sponsoring organization.
How does a DAF work?
After making a gift to a donor-advised fund, you will receive a tax deduction for the year the gift is made. Once your contribution is made, the sponsoring organization has legal control over the funds. You, as the contributing donor, can make grant recommendations to the charity of your choice.
What Are the Benefits of a DAF?
Through a DAF, you can dedicate your charitable dollars to work in easy, cost-effective ways. You can benefit from tax relief while still supporting Friends of the Children - Detroit immediately or over time. Additional benefits include:
- Simple to establish, Flexible funding options, Easily Accessible, Tax advantage, Typically requires no minimum distribution, Anonymous granting, Investment options
How You Can Support Friends of the Children - Detroit with a Donor-Advised Fund
To do so:
1. Request a grant distribution through your DAF sponsor.
2. Use our EIN # 82-1877991
3. ENJOY KNOWING THAT YOU ARE MAKING AN IMPACT!