A DAF offers a potential upfront tax deduction for your deferred gift to the ministry or charity of your choice. Then, you advise how, when, and where funds are distributed and whether the funds are distributed in a lump sum or over time. An excellent alternative to a family foundation, a DAF has a no-cost setup, minimal paperwork, and minimal maintenance requirements.
Donor Advised Funds
Offering donors simplicity, freedom, and tax benefits, Donor Advised Funds (DAFs) are one of the fastest-growing charitable giving tools in the United States.
DAFs may be funded with cash or appreciated assets, including securities and real estate. A DAF can also be designed to act as the charitable recipient of distributions from revocable or tax-beneficial irrevocable charitable trusts. Minimum funding requirements are $10,000 for cash or securities, or $100,000 for real estate.