A donor-advised fund (DAF) is a common type of giving program sponsored and administered by community foundations and investment companies, which allows you to combine very favorable tax benefits with the flexibility to conveniently support Saint Anselm College.
DAFs are an increasingly popular charitable vehicle, to help donors like you simplify your charitable giving and facilitate your strategic philanthropic goals!
How does it work?
- You 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).
- You 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.
- When you choose, you 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 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 and any investment growth in the DAF is tax-free. (Consult your tax advisor for details specific to you.)
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 Katie Amato, Senior Associate Director of Advancement Services at (603) 641-7395 or kamato@anselm.edu for assistance.