A Donor-Advised Fund, or DAF, is a simple, powerful way to manage your charitable giving. Think of it as your personal Tzedakah account – an easy way to support your favorite nonprofits, while maximizing tax benefits and ensuring your dollars align with Jewish values. It’s the strategic way to repair the world, both today, and L’dor Vador – for generations to come.
OFFICIAL GUIDEBOOK
OPEN A FUND
How it works:
- Start with completing a donor-advised fund agreement and a contribution of $2,500 or more in cash or other assets.
- Manage and see your fund’s value online, in real time.
- When you wish to give to a cause, simply recommend grants of $100 or more.
- You can contribute to your fund at any time.
- All contributions to your fund are tax-deductible, and tax receipts are available immediately.
Reasons to Open A Donor-Advised Fund:
- Convenience
- All of your giving, all in one place
- Unlimited number of grants
- For no additional charge, you can donate $100 or more to any charity
- A great way to engage the whole family
- Since there is no limit to giving, a donor-advised fund (DAF) is an easy way to involve the next generation in giving.
- A DAF can also be the first step toward building your permanent legacy.
- Maximized tax benefits
- Since you give when you want to give rather than when a charity asks, you can manage giving to receive an immediate fair-market-value tax deduction.
- Excellent service
- 24/7 online access, modest cost, and personalized service make a DAF a simple and fulfilling way to be philanthropic.