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Donor Advised Funds

Accountant

What are DAFs?

A donor-advised fund is like a charitable investment account, for the sole purpose of supporting charitable organizations you care about. When you contribute cash, securities or other assets to a donor-advised fund at a public charity, you are generally eligible to take an immediate tax deduction. Then those funds can be invested for tax-free growth and you can recommend grants to virtually any IRS-qualified public charity.

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Contact your CPA or Financial Advisor for more information to see how you can add Meals on Wheels South Florida to your Donor Advised Fund.

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For more information, call the Meals on Wheels South Florida office at 954.731.8770 to speak with the Finance Department.

Accountant
Happy Senior Couple
Happy Senior Couple

How to open a DAF?

There are three types of sponsoring organizations where donors can open up a DAF account:

 

  1. Community Foundations: Independent, non-commercial organizations created by and for the people in a local area (i.e., Local City Community Foundation).
     

  2. National DAFs: Charitable arms of financial custodians like Fidelity and Schwab.
     

  3. Single issue organizations: Institutions that create DAF programs to mobilize their members around a certain identity, faith, or cause. The most common include universities and hospitals.

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