The information on this website is not intended to serve as tax, legal, investment or financial advice. Gift results may vary. Consult your personal financial advisor or the Oklahoma Methodist Foundation for information specific to your situation.
Donor Advised Funds
A Donor-Advised Fund (DAF) is a tax-advantaged, charitable investment account managed by a public charity (sponsor) that allows individuals to make irrevocable contributions of cash or assets, take an immediate tax deduction, and recommend grants to qualified non-profits over time. It acts as a flexible alternative to a private foundation, allowing assets to grow tax-free.
Think of the DAF as its own charity. When you contribute funds to it, you receive an income tax deduction. You can then use funds in your DAF to make charitable gifts when you want to make them. A DAF may only distribute to qualified, public charities, like your church or the Foundation. The DAF cannot return funds to you.
Ideal For:
Someone who wants to give to their church strategically and time his or her giving for maximum beneļ¬ts.
Timing
If you want to make a gift this year for tax purposes but are unsure which charity you want to receive it (or when), you can contribute to your DAF now and make the grant later.
Privacy
Your DAF can make gifts anonymously on your behalf.
Growth
Your administrator invests your DAF to grow, which will allow you to give more, for longer.
Legacy
You can name your children as co-advisors to the DAF, which helps instill a sense of family philanthropy and a legacy for you and them.
Record Keeping
Rather than track your charitable giving to many organizations, you can give all your donations to the DAF, which consolidates and simplifies your recordkeeping.
Simplicity
Keep all your charitable dollars in one place.
