This type of philanthropic vehicle allows individuals or families to make charitable contributions, receive an immediate tax deduction, and then recommend grants to charities over time.
Giving Made Easier
A grant from your donor-advised fund (DAF) can help transform today’s challenges into tomorrow’s breakthroughs. Your support helps the Children's Tumor Foundation improve the lives of people living with NF and paves the way for a future free of NF.
Make a DAF GrantFoundation Information
Mail Code: 6895
P.O. Box 7247
Philadelphia, PA 19170 – 0001
A 501(c)(3) Nonprofit Organization
EIN: 13-2298956
Three Ways to Give
Let us know about your gift by calling (800) 323-7938 or emailing donorrelations@ctf.org. This helps us thank you properly and direct your support according to your wishes.
Recommend a grant from your DAF through your fund administrator
Set up recurring grants from your DAF
Name the Children’s Tumor Foundation as the beneficiary of your DAF
How Does a DAF Work?
Contribute
You donate cash, securities, or other assets to the DAF, typically set up through a financial institution or charity.
Tax Deduction
You receive an immediate tax deduction for the contribution, subject to IRS limits.
Investments
The funds are invested in a variety of options, potentially growing over time.
Grant Recommendations
You can recommend grants to qualified charitable organizations, like the Children’s Tumor Foundation, whenever you choose.
DAFs are popular for their flexibility; allowing donors to support charities at their own pace, while maximizing tax benefits.
Why Donate Through a DAF?
Overall, a DAF can be a powerful tool for effective and strategic philanthropy.
Using a Donor-Advised Fund (DAF) offers several benefits:
Tax Advantages
Contributions to a DAF are tax-deductible in the year they are made, which can reduce your taxable income significantly.
Flexibility
You can contribute to the DAF whenever you want and distribute grants to charities over time, allowing you to plan your giving strategically.
Investment Growth
Funds in a DAF can be invested, potentially growing your donation over time before you make grants.
Simplified Giving
A DAF centralizes your charitable donations, making it easier to track contributions and manage grant recommendations.
Legacy Planning
You can involve family members in the giving process or designate future distributions, creating a lasting philanthropic legacy.
Anonymous Giving
If desired, you can choose to remain anonymous when making grants to charities.
How to donate using a DAF?
To donate using a Donor-Advised Fund (DAF), follow these steps:
1. Choose a DAF Sponsor
Select a financial institution, community foundation, or charitable organization that offers DAF services. Research their fees, investment options, and grant-making processes.
2. Open a DAF Account
Complete the application process to set up your DAF account. This typically involves providing personal information and outlining your charitable goals.
3. Make a Contribution
Transfer assets into your DAF. This can include cash, stocks, mutual funds, or other assets. The contribution must meet the sponsor’s guidelines.
4. Claim Your Tax Deduction
Once your contribution is made, you can claim a tax deduction for the year you donated, subject to IRS rules.
5. Invest the Funds
Choose how to invest the funds within the DAF. Most sponsors offer a range of investment options.
5. Recommend Grants
Recommend grants from your DAF to the Children’s Tumor Foundation. You can often do this online or via an app, specifying the amount and purpose of each grant. Many DAF platforms require you to opt in to share your contact information. Please share your information with us so that we can properly acknowledge your gift and thank you for your support.
6. Track Your Giving
Monitor your contributions and grants through the DAF’s platform, allowing you to manage your philanthropic strategy effectively.
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