Want A Fast, Convenient Way to support Family and Community Resources?

A Donor-Advised Fund (DAF) is a type of giving that allows you to combine favorable tax benefits with the flexibility to easily support your favorite charities, like FCR. DAFs are becoming more popular as an excellent way to both simplify your charitable giving and accomplish your philanthropic goals!

Simplicity – Your DAF sponsor handles all record-keeping, disbursements, and tax receipts.

Flexibility – Timing of your tax deduction can be separate from your charitable decision making.

Tax-efficiency – Contributions to your DAF are tax-deductible and any investment growth in the DAF is tax-free. It is also easy to donate long term appreciated securities, eliminating capital gains taxes.

Family legacy – A DAF is a powerful way to carry on your family’s tradition of philanthropy.

No start-up costs – There is no cost to establish a donor-advised fund. However, there are often minimum initial charitable contributions to establish the DAF (typically $5,000 or more).**

No transaction fees – 100% of your recommended grant goes to your qualified public charity of choice.**

Privacy (if desired) – Donors may choose to remain anonymous to the grant recipient.

**Sponsoring organizations generally assess an administrative fee on the assets in a DAF. Fees vary by sponsoring organization.

Step 1) Make an irrevocable contribution to a sponsoring charitable organization (i.e. Fidelity Charitable, Vanguard Charitable, etc.) to establish a donor-advised fund, becoming a donor-advisor.

Step 2) The sponsoring organization then allocates this charitable contribution to your donor-advisor DAF, which you can then name (i.e. The Smith Family Fund)

Step 3) You retain advisory privileges over the investment allocation for the DAF. Since the assets in the DAF belong to the sponsoring organization, any investment growth is tax free. The investment options available vary by sponsoring organization.

Step 4) Disbursements recommended by the donor-advisor must meet the grant making criteria of the sponsoring organization, and typically disbursements may only be recommended to IRS-qualified public charities exclusively for charitable purposes, just like FCR!

You are free to recommend a grant to FCR from your DAF as long as you do not receive any more than incidental benefits as a result of the disbursement. (You CANNOT use your DAF to pay for pledged donations, event tickets, event sponsorships, auction items, etc.)

Step 5) Once your sponsoring organization approves the recommended disbursement, the grant is made to FCR from your DAF!