A Donor-Advised Fund (DAF) is a simple and flexible way to manage your charitable giving while potentially maximizing your tax benefits. DAFs are 501(c)(3) accounts administered by investment firms like Vanguard, Fidelity, or Charles Schwab as well as community foundations and independent charities. Contributions to a DAF are immediately tax-deductible, and donors can recommend grants over time to causes close to their hearts like LBDA.
Why are Donor-Advised Funds becoming so popular?
Many donors find DAFs to be a powerful tool for thoughtful giving. They allow individuals to bundle multiple years’ worth of charitable donations into one tax year, which can help maximize deductions when tax rates are higher, while still distributing gifts over time. Investment income in the fund grows tax-free, providing you with even greater charitable impact. Plus, there are no deadlines for when grants must be made.
Another significant advantage is the ability to donate appreciated securities (such as stocks). By contributing these assets directly to a DAF, you can avoid capital gains taxes while deducting the full market value of the gift a win-win for you and the causes you care about.
At LBDA, we are pleased to accept donations made through DAFs, as well as direct gifts of cash or appreciated securities.
If you already have a DAF, recommending a grant to LBDA is easy:
Simply provide our legal name (Lewy Body Dementia Association), address (912 Killian Hill Road SW, Suite 105, Lilburn, GA 30047), and EIN (05-0577683) to your sponsoring organization.
If you are considering establishing a DAF, we encourage you to speak with your financial or tax advisor to determine if this option aligns with your goals
Learn More
To learn more about DAFs and giving to the Lewy Body Dementia Association, don’t hesitate to get in touch with Lena Fung, Director of Development at lfung@lbda.org.