A low-cost solution for donors seeking to maximize the tax benefits and simplify the administration of their charitable contributions over time.
Donors can contribute a wide variety of assets: cash, public and private securities, real estate, restricted stock, etc.
DAF can be established quickly and at minimal cost
Donors can take an immediate tax deduction of up to 30% to 60% of adjusted gross income, while DAF assets continue to grow tax-free
DAF – sponsored by a public charity – qualifies for most-favorable tax deductions
Bunching multi-year contributions in one year can allow full tax benefits, despite recent limits on itemized deductions
Donations qualify for deduction at appreciated fair market value — not original cost
Grants can be made anonymously
Donors can establish a legacy by designating a DAF as beneficiary of an estate plan and naming successor advisors to the fund
Donors can select from managed portfolios matching their objectives
DAF can complement other charitable vehicles, such as private foundations, and receive funding from charitable lead and remainder trusts
This material is intended to be a review of issues or topics of possible interest to Glenmede Trust Company clients and friends and it is not personalized investment, estate planning, tax or legal advice. Advice is provided in light of a client’s applicable circumstances and may differ substantially from this presentation. This material may contain Glenmede’s opinions, which may change without notice after date of publication. Information gathered from third-party sources is assumed reliable but is not guaranteed. This publication may not be used as legal or tax advice.