Donor-advised funds (DAFs) are a popular method of contributing to Children’s Aid, giving donors convenience and financial flexibility while supporting our youth. Children’s Aid is recognized by most DAFs, giving donors an efficient way to plan their finances and charitable donations.
The advantages of a DAF
Donors enjoy contributing through DAFs for several reasons. For starters, DAFs are convenient, providing one gift receipt regardless of how many charities a donor supports. Grant schedules can also be set up to contribute predetermined amounts on a recurring basis.
Financial flexibility and benefits are also great advantages of DAFs. As a donor, you get an immediate tax deduction once you give money to a DAF, and from that point forward, you can invest the money tax-free. This allows you to wait until the investments mature before you decide to make a donation to Children’s Aid. In addition, most DAFs accept a wide variety of gifts, including cash; stocks; non-publicly traded assets such as real estate, private business interests, and private company stock; and more.
Popular DAF options include Fidelity Charitable, Schwab Charitable, Vanguard Charitable, and many more. Contact your financial advisor if you are interested in setting up a DAF, or would like to donate to Children’s Aid through one.
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