DONOR ADVISED FUNDS
AND POMEROY CENTER
The DAF Direct widget will take you to your Donor Advised Fund for:
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Fidelity Charitable
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Schwab Charitable
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BNY Mellon
Or click below for one of the following and make Pomeroy Center your Donor Advised Fund charitable designation.
American Muslim Community Foundation
Silicon Valley Community Foundation
*Please note that the IRS prohibits the use of Donor Advised Funds where more than an incidental benefit is received by the donor in return (e.g. event table/tickets, purchase of auction items). This prohibition applies regardless of whether the donor pays separately for the benefits received (i.e. the “non-deductible” amount). All table/ticket and auction purchases therefore must be funded personally outside of a Donor Advised Fund. For further guidance, please consult with your Donor Advised Fund administrator.
WHAT IS A DONOR-ADVISED FUND?
A donor-advised fund (DAF) provides donors with a centralized charitable giving vehicle. It allows philanthropically inclined individuals, families, and corporations to make an irrevocable charitable gift to a public charity that sponsors a DAF program and take an immediate tax deduction. Most sponsoring organizations of DAFs accept cash equivalents, securities, and certain other assets.
HOW DOES IT WORK?
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Establish your DAF by making an irrevocable, tax-deductible donation to a public charity that sponsors a DAF program.
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Advise the investment allocation of the donated assets (any investment growth is tax-free).
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Recommend grants to qualified public charities of your choice.
MAIN ADVANTAGE OF A DAF
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Simplicity—The DAF sponsor handles all recordkeeping, disbursements, and tax receipts.
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Flexibility—Timing of your tax deduction can be separate from your charitable decision making.
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Tax efficiency—Contributions are tax-deductible, and any investment growth in the DAF is tax-free. It is also easy to donate long-term appreciated securities, eliminating capital gains taxes and allowing you to support several charities from one block of stock.
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Family legacy—A DAF is a powerful way to build or continue a tradition of family philanthropy.
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No start-up costs—There is no cost to establish a donor-advised fund. However, there are often minimum initial charitable contributions to establish the DAF (typically $5,000 or more).*
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No transaction fees—Once approved, 100% of your recommended grant goes to your qualified public charity of choice.*
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Privacy if desired—Donors may choose to remain anonymous to the grant recipient. * Sponsoring organizations generally assess an administrative fee on the assets in a DAF. These fees vary by the charity that sponsors a DAF program.