Donor Advised Funds

Food For The Poor is proud to be a resource and partner to several of the largest Donor Advised Fund (DAF) financial organizations in the U.S. We are well-versed in the logistics of Donor Advised Fund giving and the applicable IRS regulations. Grants made to Food For The Poor through Donor Advised Funds can be designated for use wherever the need is greatest, or aligned with the areas that match your interest, such as housing water, community development, agriculture, or food. Clients of sponsoring organizations such as Vanguard, Schwab, Fidelity and many others can easily make a gift designation to us through the DAF Direct window below.

What Is a Donor-Advised Fund?

A Donor Advised Fund (DAF) is a charitable funding platform that affords you a tax deduction now, as well as tax-free growth for future giving. These funds are set up for the sole purpose of supporting charities. Once you have created and funded a DAF through the financial institution of your choice, you can designate Food For The Poor to receive gifts from your DAF at any time. While Food For The Poor does not administer donor advised funds, we are a 501(c) and therefore fully qualified to receive gifts from Donor Advised Funds. Assets generally accepted include cash, stock, mutual fund shares, and many types of non-cash assets. You receive a tax deduction at the time you make your contribution. Donor-advised funds are the fastest-growing charitable giving vehicle because they are the easiest, and one of the most tax-beneficial way to give to charities like Food For The Poor.

How does a donor-advised fund work?

First, create a DAF through the financial institution of your choice. Next, make an irrevocable, tax-deductible contribution of cash, stock, or another asset to a community foundation or a financial institution such as Vanguard, Fidelity, or Schwab, at which time you will receive a tax receipt and tax benefits. That organization will oversee those funds as they grow, tax-free, potentially providing you with even more dollars to grant to charity. The funds, or assets, now legally belong to the sponsoring organization, but you as the account holder maintain advisory privileges over disbursements made. Once the financial institution or community foundation approves, your gift is made to the charitable organization of your choice, such as Food For the Poor.

Donor Advised Funds allow you to consolidate all of your charitable giving and simplify record-keeping; create a legacy by making a bequest in your will to the DAF sponsor or even making the sponsor a beneficiary of a retirement plan; carry out your charitable giving in a strategic way, over time; and even pass the remaining funds in your account to your heirs or your favorite charities at your death.

For assistance with planning a gift that will benefit Food For the Poor now or in the future, please contact us at institutionalphilanthropy@foodforthepoor.org. Thank you.

Important: If you wish to be acknowledged for your kind gift through your DAF, please be sure to include identifying information so that we can properly apply your gift and thank you.

Disclaimer: Food For The Poor does not provide tax, legal or financial advice. The information on this site is for informational purposes only. Please consult your financial advisor before engaging in any transaction.