A Philanthropic Donor-Advised Fund (DAF) enables you to support the causes that are closest to your heart, without having to track receipts from multiple charities. DAFs are easy to set up and can be built using a wide variety of assets.

How It Works.

A Donor-Advised Fund, or DAF, is a giving vehicle established at a public charity. It allows donors to make a charitable contribution, receive an immediate tax deduction, and then recommend grants from the Fund over time. You immediately receive the maximum tax deduction that the IRS allows.

STEP 1: CHOOSE A NAME.
You may choose to name your Philanthropic Donor-Advised Fund (DAF) after yourself, for your loved ones, or for something else that’s meaningful to you.
STEP 2: MAKE YOUR GIFT.
Next, make a gift of cash or securities to a fund holder. You can establish a Donor-Advised Fund via the Community Foundation of Western North Carolina with a minimum gift of $10,000 and make additions to your Fund at any time.
STEP 3: PROVIDE YOUR FOCUS RECOMMENDATIONS.
Finally, give the Community Foundation of WNC or your fund holder your focus recommendations regarding the charitable distributions you wish to make to area Jewish Community Partner Organizations. We’d be happy to help you select charities that match your philanthropic interests and vision.
STEP 4: TRACK YOUR FUND & RECOMMEND GRANTS.
You can track your Fund balance, contribution history, and recommend grants, online if you use the Community Foundation of Western North Carolina. They will administer and invest the Fund assets, process your recommendations, mail checks to recipient Community Partner Organizations, and send you regular reports. Other fund holders should be able to provide you similar access.
STEP 5: THINGS TO KEEP IN MIND.
You, and any current or successor Advisors that you designate, can make recommendations from both income and principal. And, any assets that remain in the Fund upon your or your successor Advisors’ deaths are distributed as specified when you set up the fund.

The Benefits.

The assets in your Fund grow tax-free, generating even greater resources for you to support the causes you care about most. You won’t have to pay tax on the income that’s generated by your Fund. And since your DAF contributions are charitable donations to a 501(c)(3) tax-exempt charity, you’d be entitled to receive the maximum tax deduction allowed by law, for your contributions. Plus, if you use appreciated securities or property to establish or augment your Fund, you can realize even more tax savings.

 

You may involve other family members as Advisors, showing them the importance of philanthropy while demonstrating the value of providing for the future of our Jewish Community. An additional consideration is that you can preserve your privacy: A Philanthropic Donor-Advised Fund is not required to publicly-disclose the grant-making activities of its individual donors. So grants may be made anonymously, if you wish.

 

Most gratifying of all, your investment ensures our Jewish Community remains vital and responsive for generations to come.

Get Started.

To get started, simply choose the name you would like to use for your Fund, and open it at a recognized public charity: Funds with a beginning balance of $10,000 or more can be established at The Community Foundation of WNC . We can also help you choose the qualified charities that align best with your own philanthropic goals and personal interests.

Please Contact Me.

Please contact me about establishing a Philanthropic Donor-Advised Fund (DAF).

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Sample DAF Agreement
Fund Planning Guide
Allocation Worksheet