Combine Favorable Tax Benefits with the Flexibility to Easily Support Bhalo
What is This?
A Donor Advised Fund (DAF) is a charitable giving mechanism that lets you merge optimal tax advantages with the flexibility to back the causes you’re passionate about.
If you possess a donor advised fund, DAF Direct makes it possible for you to recommend grants to Bhalo directly from your DAF, provided your DAF’s sponsoring organization is on board.
Understanding DAF
A Donor Advised Fund (DAF) is a distinctive kind of fund governed by a third party. It’s designed to let you couple notable tax perks with the ease of supporting Bhalo. Its primary purpose is to oversee your philanthropic donations.
Growing in popularity as a charitable tool, DAFs offer a streamlined approach to your philanthropy. Through DAFs, you can donate cash, stocks, and other resources and receive a tax reduction when the contribution occurs. You can then allocate specific amounts to Bhalo at your discretion.
How It Functions:
- Initiate your Donor Advised Fund by making an irrevocable, tax-beneficial gift to an institution that spearheads a DAF initiative, like Fidelity Charitable, National Philanthropic Trust, or a community foundation in your vicinity.
- Decide how the gifted assets should be invested (all investment growth remains tax-exempt).
- Whenever you’re inspired to contribute, recommend grants to Bhalo. We suggest inputting Bhalo’s complete legal name or employer identification number (EIN) when perusing a DAF charity database.
How Can My Donor Advised Fund Benefit Bhalo?
DAFs offer an adaptable, cost-efficient method to actively back our global endeavors. Contributions from DAFs are pivotal in our ongoing mission to instigate positive change, empowering communities to surmount adversities.
You also have the option to designate Bhalo as your fund’s beneficiary as you map out your estate and legacy plans.