Donor Advised Funds
Harness the Giving Power of a Private Foundation
A donor advised fund (DAF) is a charitable giving program that allows you to combine the most favorable tax benefits with the flexibility to support your favorite causes. If you have a donor advised fund, DAF Direct enables you to recommend grants as long as your DAF’s sponsoring organization is participating.
An Example of How It Works
WVSU Alumnus, West Virginia State Senator Ed Gaunch, established a DAF by making an irrevocable, tax deductible donation to a public charity (in this case WVSU Foundation) that sponsors a DAF program. He then recommended a grant to support the foundation. The benefits are two fold—WVSU Foundation receives the gift to support students and ongoing university programs and the investment allocation of the donated assets on any investment growth is tax free for the donor as well as their receiving a charitable deduction.
Support What Matters
Learn more about donor advised funds. View and download the FREE guide One-Stop Giving: The Convenience and Simplicity of Donor Advised Funds.
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Download My FREE Personal Estate Planning KitInformation contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. California residents: Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. Oklahoma residents: A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. South Dakota residents: Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.