Donor Advised Fund (DAF)
A donor advised fund (or DAF) might be a great solution for you. You can use a DAF to distribute gifts to numerous charities. With a DAF, you can make gifts to charity during your lifetime, and when you pass away, your children can carry on your legacy of giving.
Are you looking for a way to benefit Southwest Minnesota State University Foundation both now and in the future? Would you like to simplify your annual and lifetime charitable giving? A donor advised fund (or DAF) might be a great solution for you.
Benefits of a donor advised fund
- Establish a flexible vehicle for annual charitable giving
- Benefit from a more tax and cost efficient alternative to a private foundation
- Receive an estate tax deduction and savings from your gift
- Obtain a charitable income tax deduction in the year of your gift
Donor advised fund video
How a donor advised fund works
- You make an initial, irrevocable gift of cash or stock to fund a DAF at Southwest Minnesota State University Foundation.
- The assets in your DAF grow tax-free.
- You make annual recommendations on gifts to be made from your DAF.
- When you pass away, your children may recommend charitable gifts from your DAF.
Gifts from your donor advised fund
Your donor advised fund has several advantages. You can make one larger gift to a DAF and then recommend grants to us and other nonprofits. You can use the "Make a Gift From My DAF" tool to contact your DAF provider and make a grant. We will acknowledge your generous gift as a DAF distribution.
Contact us
If you have any questions about donor advised funds, please contact us. We would be happy to assist you and answer any questions you might have.
