WHAT IS A DONOR ADVISED FUND?
A donor advised fund (DAF) is a philanthropic vehicle established at a public charity. To create one, a donor deposits cash, securities, and other assets in a fund then delegates how they are distributed. This is a great way for donors to make a charitable contribution and recommend grants from their DAF to causes important to them.
You may be able to easily support the Homes For Our Troops mission with a DAF grant from your existing fund by utilizing the DAF Direct widget below.
Note: may cause a pop-up notice in some browsers.
Donor-advised Fund FAQs:
How does a donor-advised fund work?
- You make a binding contribution of personal assets.
- You may name your donor-advised fund account, advisors, and any successors or charitable beneficiaries.
- Your contribution is placed into a donor-advised fund account where it can be invested and grow tax free. (We you consulting a tax preparer.)
- At any time afterward, you can recommend grants from your account to qualified charities.
What are the benefits to having a donor-advised fund?
- Potential to immediately receive the maximum tax deduction the IRS allows. (Please consult a tax professional for more information.)
- Your contribution is placed into a donor-advised fund account where it can be invested and grow tax free (please consult a tax preparer)
Are contributions to a donor advised fund tax deductible?
In most cases, yes. Please consult a tax professional for more details.
Can a Donor Advised Fund be the beneficiary of an IRA distribution?
Yes, speak with a tax professional for advice.
To find out more about supporting HFOT through a DAF, contact our Grants team at [email protected] with any questions.