Donor Advised Funds
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 can carry on your legacy of giving.
Donor transfers stock or cash to a donor advised fund and the donor advised fund makes charitable distributions.
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 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
A DAF, which is like a charitable savings account, gives you the flexibility to recommend how much and how often money is granted to The New International University and other qualified charities. You can recommend a grant or recurring grants now to make an immediate impact or use your fund as a tool for future charitable gifts.
You can also create a lasting legacy by naming The New International University as the beneficiary of the entire account or a percentage of the fund. With a percentage, you can create a family legacy of giving by naming your loved ones as your successor to continue recommending grants to charitable organizations. Contact your fund administrator for a beneficiary form.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor.