Donor Advised Fund (DAF)
A donor advised fund is a way to simplify your giving by making a gift to a fund with George Fox University that can distribute gifts to the charities of your choice during your lifetime and help your children carry on your legacy of giving after you are gone.
Are you seeking to create a legacy of giving? A donor-advised fund (DAF) might be a great solution for you. You can use it to distribute gifts to charities, like George Fox University, during your lifetime. Then, when you pass away, you can leave the remainder of your DAF to charity - or your children can use it to carry on that legacy.
A donor-advised fund offers several benefits, including ...
- Flexible Giving: Establish an easy and flexible way to make your annual charitable contributions
- Maximized Tax Benefits: Receive an immediate charitable income tax deduction in the year you fund your DAF
- Simplified Giving: A convenient alternative to managing a private foundation, with less administrative burden
- Creating a Lasting Legacy: You can designate your favorite charities, like George Fox, as beneficiaries of your fund upon your passing, or empower your children to continue your legacy of giving.
How a donor advised fund works:
- Fund Your DAF: You make an initial, irrevocable gift of cash, stock, or other assets to establish your DAF at a sponsoring organization (like Fidelity Charitable, Schwab Charitable, or a community foundation).
- Tax Benefits & Growth: You receive an immediate charitable income tax deduction for your contribution, and the assets in your DAF can grow tax-free over time.
- Recommend Grants: You then recommend grants from your DAF to qualified public charities, such as George Fox, whenever you're ready to make a gift.
Frequently Asked Questions:
What is a donor-advised fund (DAF)?
A donor-advised fund (DAF) is like a personal charitable savings account. You put money or assets into it, get an immediate tax deduction, and then recommend grants from that fund to your favorite charities whenever you're ready. It's a flexible way to give!
How can I give from my DAF?
You can make an immediate impact on our students by recommending a grant from your DAF! Use the 'Make a Gift From My DAF' tool to easily connect with your DAF provider and recommend your grant to George Fox University (EIN: 93-0386839).
What if I've already given to George Fox from my DAF?
Please notify us of your DAF gift so we can ensure your generous support is directed to the students and programs that matter most to you.
Do you have more questions?
If you have any questions about donor-advised funds or would like to talk more about how your grant can support George Fox, please contact Tracy Fabel at [email protected].
