DAF

A donor advised fund (DAF), which is like a charitable savings account, gives you the flexibility to recommend how much and how often money is granted to Horizons National and other nonprofit organizations. You can recommend a grant or recurring grants now to make an immediate impact and use your fund as a tool for future charitable gifts.

 

What are the main advantages of a donor-advised fund?

• Simplicity: the donor-advised fund sponsor handles all record-keeping, disbursements, and tax receipts.
• Flexibility: timing of your tax deduction can be separate from your charitable decision-making.
• Tax-efficiency: contributions are tax-deductible, and any investment growth in the DAF is tax-free. It is also easy to donate long-term appreciated securities, eliminating capital gains taxes.
• Family legacy: a DAF is a powerful way to build or continue a tradition of family philanthropy.

 

For more information, please contact Fran Gress at fgress@horizonsnational.org

 

The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor.