So what exactly is a DAF?
A donor-advised fund is essentially an investment account for supporting charitable organizations like Helping Up Mission. Here’s how it works:
- You establish your fund with a DAF provider and make an initial gift of cash, securities or other assets.
- You receive an instant tax deduction.
- Your funds can then be invested for tax-free growth that broadens your impact.
- You advise grants to be given to Helping Up Mission or other charities whenever you like.
A DAF gives you the opportunity to maximize the timing of your tax deductions by contributing to your DAF when it best suits your financial needs — while still helping worthy organizations like Helping Up Mission.