A donor-advised fund (DAF) can provide an efficient and flexible way to make meaningful charitable gifts. When you fund a DAF, you enjoy an immediate tax benefit, and can add to that fund and make charitable gifts from it at any time.
DAFs offer administrative convenience in the following ways:
- the sponsoring organization handles all of the ongoing paperwork after the initial donation
- it saves costs over establishing a family foundation, which requires around 2.5% to 4% of its assets each year to run, and
- gifts you make via your DAF can be made anonymously – or you can provide your name in order for us to thank you directly for your support.
You can set up a DAF through a community foundation or a financial institution such as Fidelity, Schwab or Vanguard.
If you have a DAF and would like to make a gift to CVNM Education Fund, or if you have about establishing one, please contact Kelly Grajeda, CVNM’s Director of Engagement and Development, by email at kelly@cvnm.org or by phone at (512) 658-9675.