Donor Advised Fund (DAF)
A donor advised fund is an easy way to simplify your giving by establishing a fund with a sponsoring organization of your choice and recommending grants to charities like ACE during your lifetime—while also allowing your children to continue your legacy of giving in the future.
Are you looking for a way to benefit ACE Scholarships both now and in the future? Would you like to simplify your annual and lifetime charitable giving? A donor advised fund (or DAF) might be a great solution for you.
Benefits of a donor advised fund
- Establish a flexible vehicle for annual charitable giving
- Benefit from a more tax and cost efficient alternative to a private foundation
- Receive an estate tax deduction and savings from your gift
- Obtain a charitable income tax deduction in the year of your gift
What is a donor advised fund (DAF)?
A Donor Advised Fund (DAF)lets you make charitable gifts though a sponsoring organization and recommend grants to ACE—now and in the future—while naming ACE as a beneficiary to carry on your legacy of giving.
Donor advised fund video
How a donor advised fund works
- A donor establishes a Donor Advised Fund(DAF)and then recommends grants from the DAF to support ACE Scholarships.
- The assets in your DAF grow tax-free.
- You make annual recommendations on gifts to be made from your DAF.
- When you pass away, your children may recommend charitable gifts from your DAF.
More on donor advised funds
A donor advised fund has several advantages when compared to a private foundation. The start-up time and cost are minimal for DAFs, and gifts to DAFs are generally deductible at fair market value. A DAF is also not subject to the distribution requirements and certain excise taxes faced by private foundations.
Contact us
If you have any questions about donor advised funds, please contact us. We would be happy to assist you and answer any questions you might have.
