Donor Advised Funds
What are DAFs?
A donor-advised fund is like a charitable investment account, for the sole purpose of supporting charitable organizations you care about. When you contribute cash, securities or other assets to a donor-advised fund at a public charity, you are generally eligible to take an immediate tax deduction. Then those funds can be invested for tax-free growth and you can recommend grants to virtually any IRS-qualified public charity.
Contact your CPA or Financial Advisor for more information to see how you can add Meals on Wheels South Florida to your Donor Advised Fund.
For more information, call the Meals on Wheels South Florida office at 954.714.6922.
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.