Did you know that giving through a donor-advised fund (DAF) is easy and makes reporting your charitable giving on your taxes simpler than ever?
DAFs are accessible to most people, and they are easy to set up and use. They are one of the fastest growing financial tools for giving. In 2023, gifts from DAFs to charities reached a new high of $52.16 billion, about 10 percent of all charitable giving in the United States.
As a 501(c)3 nonprofit organization, National Jewish Health can receive gifts from your DAF to support our ongoing work to help patients living with lung, heart, immune and related conditions.
What is a Donor-Advised Fund?
A donor-advised fund (DAF) is like a charitable checking account. Working with a third-party fund manager, investment organization or your local community foundation, you can set up a fund with an irrevocable contribution in the form of cash, securities or other assets. Your fund will be invested for tax-free growth, increasing your giving potential over time.
How It Works
Start by setting up your DAF with the fund manager of your choice. Some fund managers require a minimum contribution — often between $5,000 and $25,000 — to establish a DAF, but others don’t require any specific amount.
Whenever you are ready, you can make tax-deductible gifts from your fund to any qualified charity. The fund manager distributes the gifts on your behalf. Remember, these contributions are designated for charitable giving and cannot be withdrawn for your personal use.