What Assets may be contributed to my fund?
Donor Advised Funds can receive gifts of cash, appreciated securities, real estate, closely held stock and other assets. There are heightened tax advantages to gifts of appreciated securities: avoid capital gains tax and deduct the full amount of the stock and the gains, not just what you paid for it.
What impact can I have with my donor advised fund?
Your Donor Advised Fund is a great way to make the gifts you would anyway on an annual basis to the causes you care about. Simply recommend grants to the charities you support when you typically would write a check, and the Donor Advised Fund takes care of the rest.
Donor Advised Funds are also a great vehicle to make an impact gift—one that can really shape the course of Ohio Wesleyan or another charity.
How can I check on my donor advised fund?
Don’t worry about keeping track of gifts to different charities and the accompanying documentation. The Donor Advised Fund manages all of your giving from one account. You can log in online at any time to check the status of your account, recommend grants and re-allocate investments.
How are the funds invested?
Once the Donor Advised Fund is established, the funds are invested with the Vanguard family of funds, among nine options chosen by you. This allows for the possibility of the fund to grow beyond just your contributions to it—all tax-free.
When should I consider starting a donor advised fund?
Planning for your charitable giving during retirement? Consider setting up the Donor Advised Fund just before retirement, so you can secure the charitable deduction during peak earning years and then use the account to make gifts during retirement. If you received a bonus at work, an inheritance or another windfall, you may have a tax bill coming your way. Contribute funds to a DAF to secure your charitable income tax deduction now.
Can I involve my family?
Donor Advised Funds can be a great way to involve your family in the charitable decision-making process. You can even pass your Donor Advised Fund account onto your children so that they inherit the family’s legacy of giving.