What is a Donor Advised Fund?
A donor advised fund (DAF) is a “personal charitable savings account” according to the Chronicle of Philanthropy. It is a philanthropic vehicle that also provides tax-saving benefits.
Once you establish a DAF, you receive an immediate tax benefit and then you may recommend grants to charities of your choice over time.
DAFs provide benefits of a family foundation but without the complexities and costs of establishing one.
How does a DAF Work?
Contact your DAF administrator to request a distribution in the amount you choose to The Davies Project. You may recommend but not direct. When making a distribution from a DAF, there is no additional charitable deduction since the income tax deduction occurred at the establishment of the DAF.
You can also name The Davies Project as a beneficiary of the DAF as part of your estate planning. Contact your DAF for information on how to do that as processes vary.
What Information Does my DAF Advisor need?
To use this philanthropic vehicle to drive children’s health and hope for families, share this information:
The Davies Project for Mid-Michigan Children
230 Bingham Street, Suite 100
Lansing, MI 48912
Tax ID Number: 46-1209200
If you already have a donor advised fund, you may select your financial institution and log into your account to begin granting to The Davies Project
Please contact us with questions or about your gift so we may thank you for your generosity.
If you administer DAFs, please refer The Davies Project to clients who may be interested.
Information about The Davies Project is also available through GuideStar where we have earned the bronze seal of transparency.