Donor Advised Funds

A donor advised fund (DAF) is a type of giving program administered by a third party that allows you to combine the most favorable tax benefits with the flexibility to easily support your favorite charities. It is created for the purpose of managing charitable donations on behalf of an organization, family or individual. DAFs allow donors to give cash, stock and other assets where the donor receives an immediate tax deduction when the contribution is made, but can grant specified amounts to the charities such as IMANA at a later time.

Benefits

Contributions and/or grants from your Donor Advised Fund can be made to IMANA and other charitable organizations of your choice while you receive these benefits:

  • An immediate tax deduction
  • The flexibility of one source for charitable giving, without the costs and administrative obligations of a private foundation
  • No start-up costs or administrative expenses
  • Fund provides more ongoing tax benefits than with a private foundation

For Additional information on how to establish a Donor Advised Fund (DAF), Please contact Ashraf Elghandour at UBS Financial Services Inc. at 973 360-4384 or http://financialservicesinc.ubs.com/fa/ashrafelghandour/