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Donor Advised Funds
Donor Advised Funds
A Donor Advised Fund (DAF) is a great way to organize your giving, providing flexibility without the record keeping and tax filing associated with individual gifts or other giving vehicle. It allows you to set aside a sum of money in a fund at any time and then direct gifts to be made to St. Andrew’s and your other favorite charities.
You can open your DAF at various community foundations or sponsoring organizations. It can be established at any time, allowing you to bundle your charitable giving of cash and/or appreciated stocks into a particular year. You can take the amount of your contribution as a deduction on your Federal tax return provided you are itemizing your deduction in the year of the contribution. Once you have established your DAF, you can direct your gifts can to charities at any time, so you have time to consider when to give to St. Andrew’s and your other charitable recipients.
Your organization or community foundation will take care of investing the funds and providing records and accounting of your gifts to St. Andrew’s and other 501(c)(3) organizations to you. You can also make additional gifts to your DAF at any time. Because it is so simple and easy to track, you might even use the DAF as a tool to teach your St. Andrew’s student about giving if you wish.
You can open your DAF at various community foundations or sponsoring organizations. It can be established at any time, allowing you to bundle your charitable giving of cash and/or appreciated stocks into a particular year. You can take the amount of your contribution as a deduction on your Federal tax return provided you are itemizing your deduction in the year of the contribution. Once you have established your DAF, you can direct your gifts can to charities at any time, so you have time to consider when to give to St. Andrew’s and your other charitable recipients.
Your organization or community foundation will take care of investing the funds and providing records and accounting of your gifts to St. Andrew’s and other 501(c)(3) organizations to you. You can also make additional gifts to your DAF at any time. Because it is so simple and easy to track, you might even use the DAF as a tool to teach your St. Andrew’s student about giving if you wish.
St. Andrew’s Episcopal School is a private, coeducational college preparatory day school for students in preschool (Age 2) through grade 12, located in Potomac, Maryland.