Donor-Advised Funds (DAF)
What if you could plan for supporting the Lustgarten Foundation’s future the same way you plan for your own—through saving and investing? Through a DAF, you can. 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.
Read on, to see how it works.
With a donor-advised fund, you contribute cash, stock, real estate and/or a wide variety of other assets with the sole purpose of supporting a charitable organization. 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.
Once you’ve funded your DAF and named the Lustgarten Foundation as your grantee, you or your financial advisor can recommend an investment strategy to grow the account. Any investment growth is tax-free, potentially providing an even larger gift to the Foundation.
In addition to the immediate tax savings, DAFs offer the benefit of no administrative fees and zero transaction fees. So just like a standard donation, 100% of your approved DAF grant will fund pancreatic cancer research. And these low-maintenance funds can be set up anonymously, if you wish.
Learn more about the Lustgarten Foundation and Donor-Advised Funds by contacting Stephanie DerGarabedian, National Director of Development, at [email protected] or call 516.737.1521.