Donor-Advised Funds
Simplify your giving. Maximize your tax benefits.
A donor-advised fund (DAF) is a popular option for charitable people who want flexible, customized gifting with convenience, cost savings, and tax advantages.
Fundholders make their own grantmaking choices – 1, charitable beneficiaries, 2, how much to grant, and 3, when to grant. It’s like having a private foundation without the administrative burden and costs of legal and tax work.
Whenever you contribute to your fund, you receive an immediate tax deduction and the flexibility to make grants over time.
How it works
Benefits of a DAF at the Community Foundation
- Establish online or in-person
- Make one large gift to fund multiple years of charitable giving
- Add to your fund any time and receive an immediate tax deduction
- Leverage tax advantages of gifting appreciated assets
- Our supportive staff know community needs and nonprofits
- We reinvest our low fees to support the community
- We handle every legal, tax, and compliance detail
- Opportunity to give anonymously, if desired
- Online access to your fund, 24 hours a day
There are many benefits to having your DAF at the Community Foundation versus a private foundation or commercial institution. We also offer corporate DAFs to help businesses maximize their charitable impact.
Partnering with Your Trusted Investment Advisor
In special circumstances, donors can choose to work with their preferred investment manager while supporting causes through the Community Foundation. This special opportunity ensures that your donor-advised fund is managed just the way you like it, while you enjoy personalized care by our staff with nonprofit expertise. Ask us if this option might be right for you.
See a side-by-side comparison of Community Foundation DAFs and commercial DAFs.
