Donor Advised Funds
What are DAFs?
A donor-advised fund is like a charitable investment account, for the sole purpose of supporting charitable organizations you care about. When you contribute cash, securities or other assets to a donor-advised fund at a public charity, you are generally eligible to take an immediate tax deduction. Then those funds can be invested for tax-free growth and you can recommend grants to virtually any IRS-qualified public charity.
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Contact your CPA or Financial Advisor for more information to see how you can add Meals on Wheels South Florida to your Donor Advised Fund.
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For more information, call the Meals on Wheels South Florida office at 954.731.8770 to speak with the Finance Department.
How to open a DAF?
There are three types of sponsoring organizations where donors can open up a DAF account:
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Community Foundations: Independent, non-commercial organizations created by and for the people in a local area (i.e., Local City Community Foundation).
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National DAFs: Charitable arms of financial custodians like Fidelity and Schwab.
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Single issue organizations: Institutions that create DAF programs to mobilize their members around a certain identity, faith, or cause. The most common include universities and hospitals.