Make a Tax-Efficient Gift Through Your Donor-Advised Fund

What is a Donor-Advised Fund (DAF)?

You might be wondering, “What exactly is a DAF?” A donor-advised fund is like a personal charitable savings account. It’s an account you establish at a public charity where you can contribute, receive an immediate tax deduction, and then recommend grants from the fund to your favorite charitable organizations – like the Coast Guard Foundation – over time.

Why is a DAF a Good Giving Option?

Using a DAF is a simple, effective, and tax-efficient way to manage your charitable giving. Here are a few key benefits:

• Simplicity: You can contribute a variety of assets, such as cash, stocks, or other appreciated assets, into one account, making it easy to track your giving.
• Tax Efficiency: You are eligible for an immediate tax deduction in the year you contribute to your DAF. This is especially helpful if you experience a significant financial event, like a bonus or the sale of a business.
• Growth: Your contributions can be invested and grow tax-free, increasing the amount you can give to support our missions in the future.

Questions:

Please call the station at (508) 752-0700 or email Membership@wicn.org

WICN’s Tax ID: 04-2500578