Give Through Your Donor-Advised Fund
A donor-advised fund (DAF) is a flexible charitable giving option administered by a third party such as a community foundation or financial services company. A donor transfers cash or other assets to the DAF and recommends how that money is granted to qualified charitable organizations such as Union Settlement.
Frequently Asked Questions
How can I donate from my DAF to Union Settlement?
Simply contact your DAF administrator to make arrangements. Funds are usually sent directly to Union Settlement by your DAF Administrator. You can also designate Union Settlement as a future beneficiary of all, or part of your Donor Advised Fund.
What are the benefits of donation through a DAF?
Benefits include:
- Anyone can do it! Some national DAFs have no minimum to start a fund.
- You receive an immediate tax deduction upon contributing to the DAF.
- The DAF manages and invests in the contributed funds, providing tax-free growth.
- You can grant specific amounts to the charities of your choice at a later time as scheduled gifts or part of a legacy.
Are DAF donations tax-deductible?
Yes! You receive an immediate tax deduction upon contributing to your fund. Your contributions are invested by the sponsoring organization and grow tax-free.
As with any tax-related questions, be sure to consult with a qualified, professional tax advisor.
Questions About Donor-Advised Funds?
Thank you for your interest in supporting Union Settlement. If you have questions or need assistance making a gift through your Donor-Advised Fund, our team is happy to help.
Chief Development Officer