A Donor-Advised Fund (DAF) is a charitable giving vehicle that allows you to contribute assets, receive an immediate tax deduction, and then recommend grants over time to your favorite charitable organizations, like ALF. It’s a flexible and efficient way to manage your charitable donations.
You will qualify for a current federal income tax charitable deduction, even though the funds may not be dispersed to a charity until much later.
Avoid capital gains taxes by donating appreciated assets, like stocks, to your DAF. You get an immediate deduction for the full donation value and avoid paying capital gains taxes on the donated amount.
Upon making a charitable contribution to your DAF, your gift will be invested, growing in value over time and giving you a greater overall impact through your giving.
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