Donor Advised Fund (DAF) Giving
Donor Advised Funds (DAFs) Simplify Your Charitable Giving
What is a Donor Advised Fund (DAF)?
A DAF is a charitable giving vehicle. You contribute cash and/or assets such as stock and securities. In return, you qualify for an income tax charitable deduction. You can then recommend grants from the fund to The Salvation Army and other charities over time, rather than all in one year, such as to pay charitable pledges.
The Salvation Army now offers the opportunity to create a DAF with our organization. For more information on how to create a DAF with the Salvation Army please contact Pam Dempski at information below.
Benefits of DAF Giving
Some of the advantages include:
- Tax Benefits:
- Immediate tax deduction when you contribute.
- If you contribute appreciated securities, you may avoid capital gains taxes when the assets are sold by the DAF.
- Investment growth inside the DAF is not taxed.
- Flexibility:
- You can recommend grants over many years, even if you make the contributions all in one year.
- You can choose which charities to support in addition to The Salvation Army.
- Legacy / Planning:
- You can designate beneficiaries of your DAF after death. At least 50% must be designated for programs or services of The Salvation Army.
- You can designated advisors to succeed you so long as funds remain in the DAF.
- Convenience:
- A DAF can simplify your charitable giving, especially if you make many gifts or want to plan to donate over many years.
This information is not intended as tax, legal, or financial advice. Consult a financial advisor for information specific to your situation.
Direct a DAF Gift Today
- Log in to your Donor Advised Fund through your provider’s website (Fidelity Charitable, Schwab Charitable, Vanguard Charitable, community foundation, etc.).
- Select “Recommend a Grant.”
- Choose The Salvation Army as the charity you wish to support.
- Enter the following information:
Tax ID Number/EIN: 43-0653584
Organization’s Legal Name: The Salvation Army Midland Division
Gift Designation: Can be done as the donor wishes, and will be documented in the DAF agreement.
Mailing address for DAF gifts:
The Salvation Army – Midland Division
For additional information, please contact:
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Pam Dempski, Director of Philanthropy 314-646-3080 |