Donor Advised Funds
What Is A Donor Advised Fund?
A donor advised fund — or DAF — is a charitable account with a sponsoring organization that allows donors to combine favorable tax benefits with the flexibility to support your favorite causes.
After establishing a donor advised fund, the donor may recommend grants to qualified public charities. They may also advise the sponsoring organization on the investment strategy for the charitable assets.
Making A Donor Advised Fund Gift
After a donor establishes a donor advised fund with a sponsoring organization, he or she retains advisory privileges over how to allocate their investment. The investment options and grantmaking criteria vary among sponsoring organizations.
As an IRS-qualified 501(c)(3) charity organization, Pine Street Inn is grateful for the opportunity to receive grants awarded by donor advised funds.
Fidelity Charitable makes it easy to jumpstart a grant recommendation to a nonprofit through donor advised funds. Just use the DAF Direct tool to the right to initiate your gift.
Schwab Charitable makes it easy to jumpstart a grant recommendation to a nonprofit through donor advised funds. Just use the DAF Direct tool to the right to initiate your gift.
THE BOSTON FOUNDATION
The Boston Foundation offers donors with donor advised funds the ability to conveniently access their fund information online. Advisor Xpress is a secure site that donors and fund advisors may access by using a personalized user ID and password.
COMBINEd JEWISH PHILANTHROPIES
Combined Jewish Philanthropies offers donors with donor advised funds the ability to conveniently access their fund information online through its secure and password-protected site. This allows donors to access their CJP DAF anytime, anywhere.
If you have questions about recommending a DAF grant to Pine Street Inn, please contact:
Marla Strickland, Senior Director of Advancement Operations