What is a donor-advised fund?
A donor-advised fund (DAF) is a type of giving program that allows you to combine the most favorable tax benefits with the flexibility to easily support your favorite charities. An increasingly popular charitable vehicle, DAFs are an excellent way to both simplify your charitable giving and facilitate your strategic philanthropic goals.
Check Out This Potential Scenario
Joe and Laura want to give to causes that they care about, like The Cradle, by putting their money where it will do the most good. They establish a $25,000 donor advised fund with a community foundation. The couple receives a federal income tax charitable deduction for the amount of the gift. They also get all the time they need to decide which charities to support. After researching community needs and talking with their family, Joe and Laura recommend grants for The Cradle (which they've supported for years) and the Animal Rescue League. The community foundation presents the charities with checks from the Megan Fund, which Joe and Laura named in honor of their granddaughter, a Cradle Baby. Joe and Laura are delighted to start this personal legacy of giving.
If you use Fidelity, Schwab, BNY Mellon or Kansas Community Foundation, you can use the form below to make a Donor-Advised Gift to The Cradle today.
Legal Name: The Cradle Foundation
Address: 2049 Ridge Avenue, Evanston, IL 60201
Federal Tax ID Number: 45-0506764