A Donor Advised Fund (DAF) is a centralized philanthropic giving vehicle that provides individuals, families, and corporations with immediate tax benefits and the flexibility to support charities like Move For Hunger.
How Does It Work?
- Establish your DAF by making an irrevocable, tax-deductible donation to a public charity that sponsors a DAF program.
- Advise the investment allocation of the donated assets (any investment growth is tax-free).
- Recommend grants to qualified public charities of your choice.
DAF Direct
If you have an existing Donor Advised Fund with Fidelity Charitable, Schwab Charitable, or BNY Mellon charitable you can recommend a gift to Move For Hunger by using DAF Direct.
5 Reasons to Establish a Donor advised Fund
- Simplicity: The DAF sponsor handles all recordkeeping, disbursements, and tax receipts.
- Flexibility: Timing of your tax deduction can be separate from your charitable decision making.
- Tax efficiency: Contributions are tax-deductible, and any investment growth in the DAF is tax-free.
- Family legacy: A DAF is a powerful way to build or continue a tradition of family philanthropy.
- No transaction fees: Once approved, 100% of your recommended grant goes to Move For Hunger.
Questions?
If you are unsure how to make a gift to Move For Hunger through your DAF, please contact Hannah Carnes at (732) 774-0521 or [email protected]. If you’d like to learn more about setting up a DAF, please check with your financial advisor.
