Donor Advised Funds

A Donor-Advised Fund (DAF) is an investment tool. A DAF allows you to create a personal charitable giving account with the assets you have and donate them to nonprofit charities later. You establish a DAF with a financial advisor or through a community foundation.  The Northshore Schools Foundation is eligible to receive gifts from DAFs.

How It Works

An easy way to think about a Donor-Advised Fund is like a charitable savings account. You create a DAF through an investment organization, such as Fidelity, Charles Schwab, Vanguard, and most community foundations.

Many DAFs need a least starting donation of $5,000. You contribute to your DAF as often as you like. You also recommend grants to charitable organizations when you choose.

There is an immediate tax deduction when you make a charitable contribution to their DAF.  It may include up to 50% of adjusted gross income (AGI) for gifts of cash and up to 30% of AGI for gifts of appreciated securities, mutual funds, real estate, and other assets. But it is best to check with your financial advisor or investment organization where you have your DAF.

Please contact us today on how we can help you with your next steps or to discuss other options.