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.

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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.