A donor advised fund (or DAF) might be a great solution for you. You can use a DAF to distribute gifts to numerous charities. With a DAF, you can make gifts to charity during your lifetime, and when you pass away, your children or you can grant all or a portion of the remaining balance to United Way of Pickens County to fulfill your philanthropic legacy.
You enjoy several benefits with your donor advised fund
- Establish a flexible vehicle for annual charitable giving
- Benefit from a more tax and cost efficient alternative to a private foundation
- Obtain a charitable income tax deduction in the year of your gift
How a donor advised fund works
- You make an initial, irrevocable $10,000 gift of cash or stock to fund a DAF at a sponsoring organization.
- The assets in your DAF grow tax-free.
- You make annual recommendations on gifts to be made from your DAF.
Gifts from your Donor Advised Fund
Your donor advised fund has several advantages. You can make one larger gift to a DAF and then recommend grants to us and other nonprofits. We will acknowledge your generous gift as a DAF distribution.
How long does a Donor Advised Fund last?
Annual disbursements from a Donor Advised Fund aren’t required, so your fund can stay in existence, and grow, until you decide to allocate it. Should you die, you decide who takes over your DAF, and what charities to support in your absence.
Be sure to reach out to your financial advisor or a financial services institution for more information on creating a Donor Advised Fund.
Contact Us
Have questions about a Donor Advised Fund or want to move forward with your gift? Please complete the form below to be put in touch with a member of the United Way team: