When it comes to charitable giving, many people want their donations to make a lasting impact while also being simple, flexible, and tax-smart. One of the most effective ways to give in this way is through a Donor-Advised Fund (DAF). For supporters of Everlast Life Foundation, donor advised fund charities offer a unique opportunity to transform the lives of widows and orphans while also maximizing the benefits for donors.
What is a Donor-Advised Fund?
A Donor-Advised Fund, often called a DAF, is like a charitable investment account. It allows donors to:
- Contribute cash, stock, real estate, or other assets.
- Receive an immediate tax deduction.
- Recommend grants from the fund to charities they care about — like Everlast Life Foundation — over time, showcasing how donor-advised fund charities work.
This means you can make a donation now, take the tax benefit today, and decide later how and when the money should be distributed to support causes close to your heart.
How DAFs Work Step by Step
- Set Up Your Fund: Most major financial institutions and community foundations offer DAFs. You open a DAF account through them.
- Make a Contribution: You contribute cash, securities, or other assets. The donation is irrevocable, which means it must go to charity.
- Tax Deduction: You receive an immediate tax deduction for the year you make the contribution.
- Grow Your Fund: While waiting to grant, your contribution can be invested and grow tax-free.
- Recommend Grants: You direct gifts from your DAF to nonprofits like Everlast Life Foundation whenever you’re ready.
Why DAFs are Powerful for Donors
- Flexibility: Decide later where the funds go while still receiving tax benefits now from donor advised fund charities.
- Simplicity: Manage all your giving in one place.
- Tax Efficiency: Gifts of appreciated assets (like stocks or property) can avoid capital gains taxes.
- Legacy Giving: You can involve family members in recommending grants and pass the giving tradition on.
Why Choose Everlast Life Foundation for Your DAF Grants
When you recommend grants to Everlast Life Foundation through your Donor-Advised Fund, you are:
- Providing Shelter & Security to widows and orphans who need safe housing.
- Empowering Futures through education, job training, and skills development.
- Supporting Faith-Based Care that uplifts hearts and restores dignity.
- Creating Lasting Impact by helping us build sustainable programs under our Development model.
How to Give from Your DAF
If you already have a Donor-Advised Fund, it’s easy to recommend a grant to Everlast Life Foundation. Simply:
- Log in to your DAF account.
- Search for Everlast Life Foundation (Dallas, TX) as the nonprofit.
- Recommend a grant in the amount you choose, keeping donor advised fund charities in mind for a broader impact.
If you don’t yet have a DAF, speak with your financial advisor or look into options offered by institutions like Fidelity Charitable, Schwab Charitable, Vanguard Charitable, or your local community foundation.
Final Word
Donor-Advised Funds make it simple, strategic, and rewarding to support causes you believe in. For widows and orphans, your DAF grants can mean the difference between despair and hope, between surviving and thriving.
If you’d like to learn more about how your DAF can partner with Everlast Life Foundation to transform lives, we invite you to contact us today.
