Advise a Grant through your Donor Advised Fund
Time Commitment: As long as you’d like!
Best for: Anyone
Many charitably minded individuals and families set up Donor Advised Funds (DAF) as a way to support Kids’ Food Basket and all of the causes they love. Simply put, a DAF is like a charitable checking account. First, you transfer cash or other assets (securities, retirement plans, real estate, personal property, etc.) to a sponsoring organization such as a public foundation – there are many local and national options. You qualify for a federal income tax charitable deduction for the full amount contributed at the time you contribute to the account. You can then recommend how much and how often money is granted from the balance of your DAF to Kids’ Food Basket and other charities of your choice.
How do you get started?
There are many things to consider when deciding if a Donor Advised Fund is a good charitable option for you. Furthermore, each sponsoring organization will have their own policies for minimum balance, advising grants, etc. We recommend starting by talking with your financial, tax or legal advisors. Contact Ben Nyhoff, Development Manager, at email@example.com with questions about how Kids’ Food Basket can benefit from your Donor Advised Fund.