Streamline Your Giving With a
Donor Advised Fund
Your financial and charitable goals are a reflection of your commitment to support the future of your loved ones, charitable organizations you value, such as Shriners Hospitals for Children®, and the greater community. But sometimes it can be difficult to keep track of the organizations you wish to support and the documents required to receive your benefits from charitable gifts. Donor advised funds to the rescue! As a one-stop giving spot, they are a convenient and easy way to organize your charitable intentions.
A donor advised fund (DAF) gives you the flexibility to recommend how much and how often money is granted to Shriners Children’s and other charities. You transfer cash or other assets to a community foundation, brokerage house or other sponsoring organization. You can then recommend – but not direct – how much and how often money is granted.
Setting up a DAF may qualify you for a federal income tax charitable deduction when you make a gift to the fund – without immediately having to choose the charities you want to support. If you so choose, you can support a number of charitable organizations without having to retain records for a number of separate contributions.
What You May Not Know
- You can recommend a DAF grant to be processed ASAP, at a future date or on a recurring basis. With most sponsoring organizations, your grants can be done online at any time, or by phone, fax or email.
- You can enjoy a certain level of privacy, having the option to keep donations anonymous.
- You may make contributions to your fund at any time. These funds are flexible; you don't need to have a specific purpose for each gift.
- You may qualify for a federal income tax charitable deduction for each gift to your donor advised fund.
Additional Opportunity
You can name your loved ones as your successor to continue to recommend grants to charitable organizations, or you can name Shriners Children’s as a beneficiary to receive all or part of your account after your lifetime.