What is a Donor-Advised Fund?
How does a CFW Donor-Advised Fund work?
Why contribute to a Donor-Advised Fund rather than directly to a charity?
Donor-Advised Funds provide a number of benefits that direct donations do not, Including:
- Streamlined grantmaking and tax planning — you receive an immediate tax deduction when a contribution is made to your fund, but grants from your fund can be made at any time — and CFW handles all of the paperwork.
- Access to the Foundation’s extensive knowledge of charities that reflect your values and charitable goals — we can help you identify innovative, best-practice organizations to maximize the impact of your gift.
- Increased privacy, if the donor desires it. You can choose to name your fund after yourself, your family, in honor of another person, or not at all. Public forms filed by DAF administrators do not list individual accounts.
- A legacy that can ultimately benefit multiple charities, thanks to you.
- The careful, diversified investment of your Chicago Foundation for Women contribution allows your gift to grow over time.
Have questions? Interested in establishing your own donor-advised fund? Contact Jessi Moon at firstname.lastname@example.org.
Already Have a Donor-Advised Fund?
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.