A Donor-Advised Fund (DAF) allows you to give back to a cause that is close to your heart. It’s an opportunity to put your charitable dollars to work – where the need is great – but on your own terms. You have the flexibility to tailor your philanthropic giving in easy, cost-effective ways.
You can make an unrestricted annual gift or recommend recurring payments. Your contribution to GBC-Education will support our work to end the global education crisis through projects and campaigns alongside Theirworld.
Global Business Coalition for Education
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c/o Reed Smith, 23rd Floor
New York, NY 10022
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A Donor-Advised Fund (DAF) is an investment account that is used for charitable giving. It is composed of donations made by individuals and administered by a third party. The third party is called the sponsoring organization. It offers immediate tax relief and allows you to support your favorite charities immediately or over time.
A donor makes an irrevocable gift to a donor-advised fund and receives a tax deduction for the year the gift is made. Once the contribution is made, the sponsoring organization has legal control over the funds and the donor can make grant recommendations to the charity of their choice.
The IRS has specific guidelines around the kinds of organizations that are eligible to receive grants as well as the purposes these grants can serve. For example, grants can only be made to qualified charities and cannot be made to a person, or the donor cannot receive more than an incidental benefit, so it cannot be used for the admission price for an event of the gala.
The DAF donor receives tax documentation from the sponsoring organization of the DAF while a direct donor receives tax documentation from the charity.
Donor-Advised Funds can be used alongside private foundations.
Some DAF benefits include:
Yes, the DAF donor receives tax documentation from the sponsoring organization of the DAF.