Donor-advised funds are gifts that keep giving

By Simone Denard

Donor-advised funds (DAF) offer a unique way to support the University. A donor-advised fund lets donors contribute to various charities during their lifetime and beyond. To start a DAF, individuals deposit cash or stocks with a sponsoring organization. From there, the fund’s assets grow tax-free. Over time, the DAF makes annual recommendations for grants to nonprofits.

Several benefits come with a donor-advised fund, including:

• Establishment of a flexible vehicle for annual charitable giving
• Benefiting from a more tax and cost-efficient alternative to a private foundation
• Obtaining a charitable income tax deduction in the year of your gift

By establishing a donor-advised fund at Howard, you can make a single larger gift to a DAF and then recommend grants to us. You can use the “Make a Gift from my DAF” tool to contact your DAF provider and issue a grant. We will acknowledge your generous gift as a DAF distribution.

To learn more about donor-advised funds, please contact Planned Giving.