What is a Donor-Advised Fund?
A donor-advised fund (DAF) is a charitable giving vehicle administered by a third party, which manages charitable donations on behalf of an organization, family or individual. A donor-advised fund is easy to establish, low cost, and a flexible alternative to direct giving or creating a private foundation. When donors conduct their grantmaking through a DAF, they enjoy administrative convenience, immediate tax advantages and the expert resources of the third party group managing their charitable investments.
How does a Chicago Foundation for Women Donor-Advised Fund work?
A CFW donor-advised fund is established with an initial, minimum contribution of $5,000 which may be made in the form of cash, mutual funds, bonds and/or publicly traded securities. Subsequent contributions may be made by the donor or by any other person in any amount at any time. Once established, the donor will be able to request that grants be distributed from their fund to organizations whose mission, vision and philosophy are consistent with the mission, vision and philosophy of Chicago Foundation for Women. The minimum grant amount is $250, and you may direct as many or as few contributions as you wish annually.
Why contribute to a Donor-Advised Fund rather than directly to a charity?
Donor-Advised Funds provide a number of benefits that direct charitable donations do not, including:
Have questions? Interested in establishing your own donor-advised fund? Contact Emily Dreke at 312.577.2824 or email@example.com.
If you already have a donor-advised fund (DAF) at another organization and are interested in recommending a grant from your DAF, you can do so directly from the widget below. Neither you nor CFW will incur any download or transaction fees!
Currently, the organizations supported by the DAF widget include Fidelity Charitable, Schwab Charitable, and BNY Mellon.
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Chicago Foundation for Women is a leading convener of women in Chicago. Check out our upcoming events below. All of our events, including those hosted by our Giving Councils, are open to the public unless otherwise specified.
To read about meetings and events we've held, visit our entire Events Schedule. Questions? Email firstname.lastname@example.org.