Manage Your Charitable Giving Simply and Efficiently
If you’re considering supporting multiple organizations or securing a charitable tax deduction upfront while deciding on the recipients later, a donor-advised fund (DAF) could be the ideal solution for you. These funds can be initiated through several entities, including community foundations and financial services firms.
Make a Distribution
Can It Work For You?
This gift may be for you if:
- You have extra income or a special taxable event, but desire to make charitable gifts over several years. A DAF allows you to distribute your gifts over time while securing a tax deduction in the year of contribution.
- You have several different charitable interests and want to simplify your giving. A DAF can serve as a centralized vehicle for all your charitable donations, streamlining the process and making it easier to manage.
- You have a private foundation that you wish to terminate. You can send those assets to a DAF, a simpler and potentially more tax-advantageous way to manage your charitable giving.
- You wish to use a DAF to complement a private foundation (perhaps in order to give anonymously). A DAF offers the flexibility to make anonymous gifts, ensuring your privacy while still contributing to causes you care about, such as supporting Merrimack College’s mission of providing quality, accessible higher education.
If you are a hands-on donor, consider the flexibility and practicality of a Donor-Advised Fund.
