What is a donor-advised fund?
A donor-advised fund, or DAF, is an investment account that is used for charitable giving. It is composed of donations made by individuals and administered by a third party. The third party is called the sponsoring organization. A donor-advised fund offers an immediate tax relief and allows you to support your favorite charities immediately or over time.
How does a Donor-Advised Fund work?
A donor makes an irrevocable gift to a donor-advised fund and receives a tax deduction for the year the gift is made. Once the contribution is made, the donor can make grant recommendations to the charity of their choice.
What are the benefits of a Donor-Advised Fund?
- Simple to establish
- Flexible funding options
- Easily accessible
- Tax advantage
- Typically requires no minimum distribution
- Anonymous granting
- Investment options
How do I give to Alley Cat Allies through a Donor-Advised Fund?
You can set up a donor-advised fund through a number of third-party charitable-giving funds such as Fidelity Charitable, Schwab Charitable, Vanguard Charitable, Raymond James Charitable, Renaissance Charitable Foundation, and National Philanthropic Trust.
Our donors like you are the reason Alley Cat Allies can save cats’ lives every day. Learn how you can give at alleycat.org/WaysToGive. (CFC#10964) (EIN #52-1742079). For more information, call 1-866-309-6207.