DAF
If you don’t have a Donor Advised Fund (DAF) yet, you’re not alone: only 17% of the general population does. The good news? It’s never been easier to DAF.
What is a Donor Advised Fund?
A donor-advised fund (DAF) is a tax-advantaged charitable giving account.
DAFs are often compared to a 401(k) for retirement savings or a Health Savings Account (HSA) for healthcare expenses.
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Any person, couple, family–or even company–can open a DAF account at more than 1,000 providers around the country. DAFs have surged in popularity in recent years because they are incredibly effective at increasing giving capacity and streamlining philanthropy.
What are the main advantages of a donor-advised fund?​
A DAF offers several advantages for individuals who want to make charitable contributions in a flexible and tax-efficient way. Here are the top four benefits:
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Immediate Tax Benefits: You get a tax deduction right away when you contribute to the DAF, even if you decide to distribute the funds to charities later.
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Tax-Free Growth: The money in the DAF can be invested and grow tax-free, allowing you to increase the funds available for charitable giving.
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Simplicity and Flexibility: You can make one contribution, then recommend grants to various charities over time, making it easier to manage your giving.
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Legacy and Privacy Options: DAFs allow for anonymous donations and can be passed on to future generations for continued giving.
Ready to DAF?
Contact Us
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Additional Information
SparkWheel accepts gifts online, over the phone, by mail, and in-person.
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View our most recent audit and 990 HERE.
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SparkWheel is a registered 501(c)3 organization. Our EIN is: 48-1175467
ADDRESS
SparkWheel
Attn: Development
1919 Delaware Street
Lawrence, KS 66046
