A donor advised fund (DAF) is a tax-preferred philanthropic vehicle administered by a public charity. Organizations, families or individuals establish a DAF with an initial tax-deductible contribution to a public charity. The contribution is invested and donors can recommend grants to qualified nonprofit organizations over time.
With a donor advised fund you can:
A donor advised fund also provides tax advantages:
*This does not constitute tax advice and we encourage you to consult a tax-planning expert for guidance.
A contribution to The ImpactAssets Donor Advised Fund represents an irrevocable contribution to ImpactAssets. Contributions are tax deductible, are not refundable, become subject to ImpactAssets’ control and discretion once made and shall not be deemed a separate trust fund held by ImpactAssets in a trustee capacity.
Donors may select an investment allocation from among approved investment options, but investment decisions rest entirely with ImpactAssets. Donors can recommend grants to charitable organizations from their ImpactAssets Donor Advised Fund account, but the final decision on all grants rests with ImpactAssets.
Grants may not be used to benefit the donor or members of their families.
The assets of all ImpactAssets Donor Advised Fund accounts are commingled with those of ImpactAssets in general.
See The ImpactAssets Donor Advised Fund Program Circular for a complete discussion.