Donor-Advised Funds
Make a larger impact and
support the CHW community
The Basics of DAFs
DAF accounts are held at entities such as financial institutions or community foundations. Examples include:
- Commercial Organizations - Fidelity Charitable, Schwab Charitable, Vanguard Charitable, BNY Mellon or private community foundations
- National Organizations - National Philanthropic Trust, American Endowment Foundation
- Community Foundations
These agencies invest the money held in DAF accounts, so the value grows (tax-free).
It's easy to support causes you care about through a DAF:
- Contribute funds to your DAF and receive a tax deduction
- Recommend an amount be donated from your DAF to your favorite charities
- The grant is issued by the agency directly to the nonprofit(s) you choose – like Community HousingWorks!
Why Consider a Donor-Advised Fund?
Donor advised funds are utilized for their flexibility and immediate tax deduction, among many other benefits.
- Easy to establish and use
- Low or no minimum dollar amount required to begin
- You control when you want to grant money from the DAF to your chosen nonprofit
- You can make automatic recurring grants in any amount or frequency you choose
- Gifts into the DAF are tax deductible as donations to public charities
- Earnings are tax exempt
Frequently Asked Questions
Can I donate illiquid or appreciated non-cash assets to a DAF?
Yes! This reduces tax burden in a windfall year, such as experiencing strong market returns or receiving an inheritance. It also reduces or eliminates capital gains. This is a smart tax-efficient method to donate as securities that have been held for more than a year can be donated at their fair market value and are not subject to capital gains tax.
Already have a DAF?
Recommending a gift to Community HousingWorks from your Donor Advised Fund is easy!
What types of non-cash assets can I donate to a DAF?
Depending on your DAF agency, the types of eligible assets may vary. Eligible Assets Often Include:
- Securities (stocks, bonds, mutual funds)
- Retirement assets
- Real estate
- Life insurance
- Fine Art and collectibles
- IPO stock
Notify Us!
When you make a Donor Advised Fund gift, it is possible that the sponsoring organization will not share your information with us. Please send us a note at connect@chworks.org when you have requested a grant from your DAF, so we can make sure to thank you and ensure that your gift goes where it is intended.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your benefits.