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The Benefits of Donor Advised Funds
Donor-advised funds are a strategic tool for both tax purposes and charitable impact.
When donors contribute to their fund, they receive an automatic tax receipt. Those assets can possibly grow tax-free if invested, meaning donors can grant more to the charitable organizations they care about.
1. GIVE NOW, GRANT LATER - Get income tax deductions in the year you contribute to your DAF, regardless of whether you grant the assets to recipient charities that year. This gives you the flexibility to accrue larger gifts and/or take more time to find the right charity if you have not yet selected one.
2. OFFSET WINDFALLS - Windfalls can bring a heavy tax burden. By “bunching,ˮ or making a larger than usual donation to your DAF in a single year, you can reduce your tax liability in that year while breaking up and spreading out your gifts over multiple years between multiple charities, if you so desire.
3. GIVE A VARIETY OF ASSETS - Donating non-cash assets to a DAF can eliminate the potential capital gains that could result from liquidating and donating proceeds, maximizing the impact of your gift. In addition, you can deduct the fair market value of your donation.
NON-CASH ASSETS ACCEPTED:
- Publicly traded securities Restricted stock*
- Real estate
- Privately held business interests Private equity fund interests Cryptocurrency
- Fine art and collectibles IPO stock
- Equity compensation awards
*Must be sold in accordance with Rule 144 resale restrictions.
4. TAX-FREE GROWTH - Whether you leave your DAF to beneficiaries or use it yourself, the tax benefits of a DAF make it a great option for multiple reasons:
- Investments in a DAF can grow completely tax-free. DAFs are not subject to estate tax.
- DAF contributions can reduce your alternative minimum tax liability.
About Our Partner
TIFIN Give is a modern charitable platform, providing a simple, intuitive and flexible investment- and giving experience that modernizes Donor-Advised Funds and other charitable structures. The TIFIN Give platform is the only DAF designed from inception to engage multigenerational donors and enhance the traditional DAF model.
The material is not to be reproduced or distributed to others without Ingalls & Snyder, LLC’s (“Ingalls” or the “Firm”) express written consent. This material is being provided for informational purposes and any opinions expressed in this material are only opinions at the time of writing. Nothing provided by Ingalls should be considered tax or legal advice, and clients should seek advice from their tax and legal professionals. Bridgehampton is a team at Ingalls & Snyder, LLC, an investment advisor registered with the Securities & Exchange Commission and a FINRA member broker dealer. More information including the firm’s Form ADV Brochure and Form CRS can be found at https://www.ingalls.net/important-information.
Ingalls & Snyder is a registered investment advisor and broker-dealer based in New York City. We provide investment management and related services to private clients and institutional investors.
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