A Donor-Advised Fund (“DAF”) allows a donor to make a charitable contribution into a separate Fund at the San Diego Seniors Community Foundation, lock-in a tax-deduction in the year given, and then recommend grants from their Fund to non-profit organizations of the donor’s choosing.
A gift to a donor-advised fund is a gift to a public charity because a donor-advised fund is, by definition, “owned and controlled” by a public charity. And for federal income tax purposes, this is good news, thanks to the highly favorable deductibility rules that apply to an individual’s lifetime gifts to public charities.
Setting up a DAF is quick and easy, and is an inexpensive and effective way for you to support your favorite charitable causes in an efficient manner. You can add to your donor-advised fund whenever you want.
Donors that set up a DAF are given “advisory rights” on grantmaking from their Fund. This enables you to direct your giving through one expertly managed and cost-effective vehicle. You choose which non-profit agencies to support, how much to distribute, and when.
To set up a meeting with SDSCF executives to discuss the benefits of establishing a Donor-Advised Fund fund at the San Diego Seniors Community Foundation, please contact us here.