HSN Blog

Is a DAF Right for You?

Donor-Advised Funds (DAFs) are a smart way to manage your philanthropy. Depending on your DAF provider, you can start a DAF with as little as $5,000, although most have at least a $25,000 minimum. Setting up a DAF is a popular way to maximize the impact from IRA Required Minimum Distributions.

To establish a DAF, you transfer assets (ranging from cash to appreciated securities to IRA distributions) to a commercial provider or to your local community foundation. There are immediate tax benefits when you do so. Then, over time, you can recommend grants to charities of your choice at a pace of your own choosing.

For more in-depth information about DAFs and Humane Society Naples, please visit hsnaples.planmylegacy.org/donor-advised-funds.

Most importantly, unless your broker notifies us, it is not automatic that we know the donation is from you. If you do contribute to HSN via a DAF, please be sure to have your provider alert us that the gift is coming and that it is from you. We want to be sure to be able to thank you and let you know your donation is at work for the animals.

I’m here to help, too. Please call if you would like to know more about planning your charitable donations and how doing so can help to save the lives of lost, stray, abandoned, neglected, and abused animals coming to Humane Society Naples for comfort and care.

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Kim Hanson
Senior Philanthropy Officer
Humane Society Naples
(239) 438-4624
kim.hanson@hsnaples.org

 

Kim Hanson is HSN’s Senior Philanthropy Officer. With more than 40 years in the nonprofit development field, Kim posts a monthly blog on our HSN website about ways of saving the precious lives entrusted to us through a variety of charitable giving vehicles.