Donate via a Donor-Advised Fund

What is a donor-advised fund?
A cost-effective alternative to a private family foundation, a donor-advised fund (DAF) provides donors with a centralized charitable giving vehicle. It allows philanthropically inclined individuals and families to make an irrevocable charitable gift to a financial organization or public charity that sponsors a DAF program and take an immediate tax deduction. Most sponsoring organizations of DAFs accept cash equivalents, securities, and certain other assets. The assets of the DAF can then be used to grant donations to one or more charitable organizations.
 
How does it work?
  • Establish your DAF by making an irrevocable, tax-deductible donation through a financial advisor that sponsors a DAF program.
  • Receive a current year tax benefit as allowed by the IRS. (Consult your accountant or financial advisor for more information on your specific tax benefits).
  • Advise the investment allocation of the donated assets (any investment growth is tax-free).
  • Recommend grants to qualified public charities of your choice.
 
Main advantages of a donor-advised fund
  • Simplicity—The DAF sponsor handles all recordkeeping, disbursements, and tax receipts.
  • Flexibility—Timing of your tax deduction can be separate from your charitable decision making.
  • Tax efficiency—Contributions are tax-deductible to the extent allowed by the IRS and any investment growth in the account is tax-free.
  • It is also easy to donate long-term appreciated securities, eliminating capital gains taxes and allowing you to support several charities from one block of stock.
  • Family legacy—A DAF is a powerful way to build or continue a tradition of family philanthropy.
  • No start-up costs—With most financial advisors, there is no cost to establish a donor-advised fund. However, there are often minimum initial charitable contributions to establish the DAF (typically $5,000 or more).*
  • No transaction fees—Once approved, 100% of your recommended grant goes to your qualified public charity of choice.*
  • Privacy if desired—Donors may choose to remain anonymous to the grant recipient.
  • Sponsoring organizations generally assess an administrative fee on the assets in a DAF. These fees vary by the organization that sponsors the DAF program
*Sponsoring organizations generally assess an administrative fee on the assets in a DAF. These fees vary
by the financial organization that sponsors a DAF program.
 
What can Donor-Advised Funds Do for the Alpha Chi Omega Foundation?
DAFs provide an easy, flexible and low-cost method of giving which supports our work of empowering women. These gifts help make an impact in the lives of sisters through our educational programming and campaigns. You can also establish planned giving beneficiary designations for giving as part of your estate planning and legacy giving.
 
Does Alpha Chi Omega Foundation sponsor Donor-Advised Funds?
Alpha Chi Omega Foundation is not currently set up to sponsor donor-advised funds for our donors. We recommend that donors consult their accountant or financial advisor for the best financial services company to host your DAF.
 
Does Alpha Chi Omega Foundation qualify for grants from Donor-Advised Funds?
Yes. As a 501c3 charity, the Foundation qualifies for grants from your DAF.

Contact the Foundation with any questions.


 DAF Tutorial Guide
**Text for webpage taken from guide (section two)
© 2019 Alpha Chi Omega.  All Rights Reserved.
Alpha Chi Omega Headquarters
5939 Castle Creek Parkway N. Dr.
Indianapolis, IN 46250

Phone: 317.579.5050
Fax: 317.579.5051
Email: info@alphachiomega.org