Donor Advised Fund
Do you have a donor advised fund (or DAF)? Did you know you can make a gift to the University of La Verne from your DAF? The DAF gives you flexibility to recommend how much and how often you want to make a gift to the university.
Benefits of a donor advised fund
- Establish a flexible vehicle for annual charitable giving
- Benefit from a more tax and cost efficient alternative to a private foundation
- Receive an estate tax deduction and savings from your gift
- Obtain a charitable income tax deduction in the year of your gift
- Continue your legacy of giving by naming your loved ones as your successor in recommending grants to charities
How a donor advised fund works
- You make an initial, irrevocable gift of cash or stock to fund a DAF.
- The assets in your DAF grow tax-free.
- You make annual recommendations on gifts to be made from your DAF.
- When you pass away, your children may recommend charitable gifts from your DAF.
More on donor advised funds
A donor advised fund has several advantages when compared to a private foundation. The start-up time and cost are minimal for DAFs, and gifts to DAFs are generally deductible at fair market value. A DAF is also not subject to the distribution requirements and certain excise taxes faced by private foundations.
Make A Grant from Your DAF
A grant from your DAF can help support our efforts this year. Contact your DAF administrator and recommend that a grant be made in any amount to support our cause. Your gifts make a real impact in the lives of our students.
If you have any questions about donor advised funds, please contact us. We would be happy to assist you and answer any questions you might have.