Donor Advised Funds
A Donor Advised Fund (DAF) giving account is established and the donor makes a contribution to the account. The donor can channel the money towards specific organization programs. Typically donor advises on how the funds can be spent. The Benefits are:
- Receive income tax deduction.
- Avoid capital gains taxes if it is an appreciated gift
- Flexibility of making funds available for certain programs.
- Act like private foundation but it does not require extra time and money to manage because Warm Blankets Orphan Care will take care of the operations.