A personal giving fund, known as a Donor Advised Fund (DAF), is the fastest growing charitable giving tool. It’s a simple way to give cash, real estate, stocks or mutual funds and allows you the flexibility to distribute gifts over time.
A Donor Advised Fund(DAF) is an excellent choice for anyone who wants to simplify their giving and have the versatility to give whenever their heart feels inclined. To fund a DAF, you make an initial, irrevocable gift of cash or appreciated stocks, real estate or other securities. The assets will continue to grow tax-free.
Once the account is funded, you can make grant recommendations monthly, quarterly, semi-annually or annually to the charity or charities of your choice. For example, you can recommend that the grant be used to support The Orange Catholic Foundation and direct your gift to your parish, a Catholic school or other Catholic ministry.
Click here to view more information about Donor Advised Funds.
Please note that the OCF does not provide tax, legal or accounting advice. This material is prepared and made available for informational purposes only and is not intended to provide or be relied upon for tax, legal or accounting advice. Every donor should always consult a tax professional to determine his or her particular tax benefits and other consequences that may result from any particular type of gift to charity.