Donor Advised Funds
What are DAFs?
A donor-advised fund functions as a charitable investment account designed specifically for the charitable organizations that matter to you. By contributing cash, securities, or other assets to a donor-advised fund at a public charity, you typically qualify for an immediate tax deduction.
These funds can then be invested for tax-free growth, allowing you to donate to nearly any IRS-qualified public charity. For more details on how to include Meals on Wheels South Florida in your Donor Advised Fund, please consult your CPA or Financial. To learn more, feel free to call the Meals on Wheels Florida office at 954.731.8770 and speak with the Finance Department.
How to open a DAF?
There are three types of sponsoring organizations where donors can open up a DAF account:
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Community Foundations: Independent, non-commercial organizations created by and for the people in a local area (i.e., Local City Community Foundation).
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National DAFs: Charitable arms of financial custodians like Fidelity and Schwab.
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Single issue organizations: Institutions that create DAF programs to mobilize their members around a certain identity, faith, or cause. The most common include universities and hospitals.