A donor advised fund (DAF) is a type of giving program sponsored and administered by many community foundations and investment companies, which allows you to combine very favorable tax benefits with the flexibility to conveniently support Saint Anselm College. An increasingly popular charitable vehicle, the donor advised fund is an excellent way to both simplify your charitable giving and facilitate your strategic philanthropic goals!
How does it work?
- Establish a DAF through an investment advisor or broker (e.g., Fidelity Investments or Charles Schwab) or a local community foundation (e.g. The New Hampshire Charitable Foundation)
- Fund your DAF with cash and/or securities and choose an investment program (any investment growth is tax-free). You can make additional transfers to your DAF at any time
- Recommend grants from your DAF to Saint Anselm College. If you work with Fidelity or Schwab as your DAF sponsor, you can use the DAF Direct link to the right hand to recommend a grant, otherwise, contact your DAF sponsor to initiate a grant to Saint Anselm
What are the advantages of a donor-advised fund?
Simplicity - The DAF sponsor handles all record keeping, disbursements and tax receipts
Tax-efficiency - Contributions you make to your DAF are tax-deductible to the extent allowed by federal law (consult your tax advisor for your specific situation) and any investment growth in the DAF is tax-free
Family Legacy - The DAF is a powerful way to build or continue a tradition of family philanthropy
Low costs - A DAF normally has low or no startup costs or transaction fees
When you initiate a gift from your DAF to saint Anselm College, you can choose to be recognized or remain anonymous.
Contact Peter Labombarde, CFSC, Director, Gift Planning & Individual Gifts at (603) 641-7228 or firstname.lastname@example.org for assistance.