Donor-Advised Fund (DAF)
A donor-advised fund is a way to simplify your giving by making a gift to a fund with Cassia that can distribute gifts to the charities of your choice during your lifetime and help your children carry on your legacy of giving after you are gone.
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 is a way to simplify your giving by making a gift to a fund with your Cassia community that can distribute gifts to the charities of your choice during your lifetime and help your children carry on your legacy of giving after you are gone.
donor-advised fund video
How a donor-advised fund works
- You make an initial, irrevocable gift of cash or stock to fund a DAF at your Cassia community.
- 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.
