A donor-advised fund (DAF) can provide an efficient and flexible way to make meaningful charitable gifts. When you fund a DAF, you enjoy an immediate tax benefit, and can add to that fund and make charitable gifts from it at any time.
DAFs offer administrative convenience in the following ways:
- the sponsoring organization handles all of the ongoing paperwork after the initial donation
- it saves costs over establishing a family foundation, which requires around 2.5% to 4% of its assets each year to run, and
- gifts you make via your DAF can be made anonymously – or you can provide your name in order for us to thank you directly for your support.
It is important to note that gifts from DAFs can be used for contributions only to 501(c)3 work. Therefore, we can accept DAF gifts only to our 501(c)3 sister organization, CVNM Education Fund.
You can set up a DAF through a community foundation or a financial institution such as Fidelity, Schwab or Vanguard.
If you have a DAF and would like to make a gift to CVNM Education Fund, or if you have about establishing one, please contact Liz Lee, Director of Philanthropy, at (505) 920-0786 or firstname.lastname@example.org.