What Is a Donor-Advised Fund?
1. A donor contributes funds or investments into their DAF.
2. They receive a charitable tax deduction at that time.
3. They later recommend grants from the DAF to charities they wish to support.
4. Any capital gains on an asset are wiped away at the time of the gift.
5. Any gains on the investment while in the DAF are tax free. When a grant is made, the church simply receives a check from the sponsoring organization.
HOW IT WORKS
Many of you already have access to a Donor-Advised fund through organizations such as:
Why Some Families Use a DAF
- Schwab Charitable
- Fidelity Charitable
- Vanguard Charitable
- If you have an account at one of these institutions, opening a DAF is quick and simple.
- They give appreciated stocks instead of cash – this will avoid taxation on capital gains.
- They set aside funds for future giving
- They consolidate charitable donations in one place
If you already have a Donor-Advised Fund, you can recommend a grant to: JRNY Church
EIN: 20-3618550
Address: 400 Franklin Ave, Suite 130, Phoenixville, PA 19460
(610) 935-5500
If you have questions about how to make a DAF gift, please contact Lance Rosina (lance@bernardowp.com).
EIN: 20-3618550
Address: 400 Franklin Ave, Suite 130, Phoenixville, PA 19460
(610) 935-5500
If you have questions about how to make a DAF gift, please contact Lance Rosina (lance@bernardowp.com).
