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Deb’s May Tip: Why Are Donor-Advised Funds So Popular?
A Giving Strategies post by Deb Steinbuch
A Personal Approach to Giving
Donor-advised funds are the fastest-growing charitable giving vehicle in the United States because they are one of the easiest and most tax-advantageous ways to give to charity.
“Having a donor-advised fund at the Jewish Federation is an easy and efficient way to make recommendations for contributions to Jewish organizations,” says Craig Coleman, who has had, with his wife, Fran, a donor-advised fund with the Federation for over 15 years.
Donor-advised funds (DAFs) at the Jewish Federation of Cincinnati are a convenient, versatile tool that many individuals and organizations use to effectively plan and manage charitable giving.
Drive change and give the way you want
When you donate to your donor-advised fund, you’re making a tax-deductible donation to the organization sponsoring the fund, in this case the Federation. But because it is your charitable account, you advise us on how to grant the money out to your favorite charities. Your donation to your donor-advised fund can be invested, so it has the potential to grow, tax-free, while you’re deciding which charities to support. If you want the flexibility of supporting a broad range of charities simply, a donor-advised fund at the Jewish Federation of Cincinnati could be a solution for you.
How a donor-advised fund works:
- Donate cash or publicly traded assets and you will be eligible for an immediate tax deduction and avoid capital gain taxes. The Jewish Federation is equipped to handle most complex gifts.
- You can support any IRS-qualified public charity (501c3)
- You have the option to have your donation invested or kept in a fixed account. The Jewish Federation will oversee the investment management—the choice is yours.
Why the Federation?
- Our donor relations team offers personal and confidential service. Our staff has an in-depth understanding of the issues, opportunities, and resources that shape our community. We can assist you in learning about local and national Jewish and non-Jewish agencies and programs that make a difference in the areas you care most about.
- You can support your charities of choice throughout the country. Any public charity in the United States can receive your grants.
- Involve your children or grandchildren—and generations to come. A donor-advised fund can become a family affair involving multiple generations of advisors.
- Safely and easily access fund information and make grant suggestions online. We also accept grant recommendation by fax or mail.
- Use your donor-advised fund to support your legacy planning: fund an endowment that changes lives at the places you have taken care of during your lifetime.
You can reach Deb Steinbuch, Planned Giving and Endowment Manager at the Jewish Federation, at 513-985-1593 or firstname.lastname@example.org. You can reach the Jewish Federation’s Create Your Jewish Legacy team here and the community-wide Create Your Jewish Legacy initiative here.
What’s the best way to give back? Our Giving Strategies Library offers smart, practical giving strategies show you how.