A charitable giving vehicle administered by a public charity created to manage charitable donations on behalf of organizations, families, or individuals.
Since you’re visiting this page, it’s probably safe to assume you care about the future of the Lustgarten Foundation and our continued work to defeat pancreatic cancer.
What if you could plan for supporting our future the same way you plan for your own, through saving and investing? Fortunately, you can through a Donor-Advised Fund (DAF). According to the National Philanthropic Trust, donor-advised funds are the fastest-growing charitable giving vehicle in the country because they’re both easy to establish and offer favorable tax benefits.
Here’s how it works:
ESTABLISH: Think about a donor-advised fund as a kind of savings account—you contribute cash, stock, real estate and a wide variety of other assets with the sole purpose of supporting the charitable organizations you care about. DAFs usually have low minimum contributions of around $5,000, making them easy to establish and within reach of many donors. And since the funds will go to a nonprofit, you get an immediate tax deduction.
FUND: Once you’ve funded your DAF and named the Lustgarten Foundation as your grantee, you or your financial advisor can recommend—or advise—an investment strategy to grow the account. Any investment growth is tax-free, potentially providing an even larger gift to the Foundation.
GRANT: In addition to the immediate tax savings, DAFs offer the benefit of no administrative fees and zero transaction fees. So just as 100 percent of your standard donation to the Lustgarten Foundation goes directly to pancreatic cancer research, 100 percent of your approved DAF grant recommendation also will come to us.
Additional benefits include the convenience of setting and (somewhat) forgetting and privacy protection—if you wish to remain anonymous, you can.
Learn more about the Lustgarten Foundation and Donor-Advised Funds by contacting Stephanie DerGarabedian at [email protected] or 516-737-1521.