A Donor-Advised Fund, or DAF, is a charitable investment account for the sole purpose of supporting charitable organizations you care about such as Friends of Nevada Wilderness. When you contribute cash, securities, or other assets to a DAF you are generally eligible to take an immediate tax deduction, even if you don’t distribute the funds to charities right away. You can then recommend grants over time to any eligible IRS-qualified public charity.
Donor-advised funds offer a convenient and strategic way to manage your charitable giving. Whether you’re looking to maximize tax benefits, simplify your giving process, or grow your philanthropic impact, a DAF could be a valuable tool in your charitable arsenal.
As with any financial decision, it is wise to consult with a financial advisor to ensure that a DAF aligns with your overall financial goals.