Donor-Advised Funds: A Flexible Way to Support Benicia's Future
Make an Impact with a Donor-Advised Fund at the Benicia Community Foundation
A Donor-Advised Fund (DAF) is a powerful and flexible way for individuals, families, and corporations to support the Benicia Community Foundation and the causes they care about. DAFs allow donors to make a charitable contribution, receive an immediate tax benefit, and then recommend grants over time to Benicia Community Foundation programs or other nonprofit organizations. This giving option provides the opportunity to support the Benicia community at your own pace while maximizing your impact.
What is a Donor-Advised Fund?
A Donor-Advised Fund is a charitable investment account created for the purpose of supporting nonprofits like the Benicia Community Foundation. It allows you to contribute cash, securities, or other assets to the fund, receive a tax deduction, and then recommend grants from the fund to qualified nonprofits at a later date. DAFs offer flexibility, as you can take your time deciding where and how to direct your charitable giving, while your contributions grow tax-free in the account.
Why Choose a Donor-Advised Fund?
Donor-Advised Funds offer a range of benefits that make them an attractive option for donors who want to make a long-term impact on their community:
How Does a Donor-Advised Fund Work?
Supporting Benicia Through Your DAF
When you establish a Donor-Advised Fund, you have the flexibility to support the Benicia Community Foundation in a way that fits your charitable vision. Whether you wish to fund specific initiatives like education, the arts, or community development, or prefer to offer unrestricted support to Benicia Community Foundation, your contributions will make a significant impact on the future of Benicia.
How to Get Started
Establishing a Donor-Advised Fund is simple, and the Benicia Community Foundation is here to guide you through the process. We work closely with donors and their financial advisors to ensure that your DAF is set up to meet your charitable goals while maximizing your tax benefits. Once your fund is in place, you can recommend grants to support Benicia Community Foundation’s mission of strengthening the Benicia community.
Contact Us for More Information
If you are interested in learning more about Donor-Advised Funds and how they can benefit both you and the Benicia community, we encourage you to get in touch with us. Our team is ready to help you explore this flexible giving option and answer any questions you may have.
A Donor-Advised Fund (DAF) is a powerful and flexible way for individuals, families, and corporations to support the Benicia Community Foundation and the causes they care about. DAFs allow donors to make a charitable contribution, receive an immediate tax benefit, and then recommend grants over time to Benicia Community Foundation programs or other nonprofit organizations. This giving option provides the opportunity to support the Benicia community at your own pace while maximizing your impact.
What is a Donor-Advised Fund?
A Donor-Advised Fund is a charitable investment account created for the purpose of supporting nonprofits like the Benicia Community Foundation. It allows you to contribute cash, securities, or other assets to the fund, receive a tax deduction, and then recommend grants from the fund to qualified nonprofits at a later date. DAFs offer flexibility, as you can take your time deciding where and how to direct your charitable giving, while your contributions grow tax-free in the account.
Why Choose a Donor-Advised Fund?
Donor-Advised Funds offer a range of benefits that make them an attractive option for donors who want to make a long-term impact on their community:
- Immediate Tax Benefits – Contributions to a DAF are tax-deductible at the time the donation is made, allowing you to claim a deduction even if you decide to recommend grants at a later time.
- Flexibility in Giving – With a DAF, you can recommend grants to nonprofits like the Benicia Community Foundation whenever you are ready. There’s no rush, and you can take the time to support causes that align with your personal values.
- Tax-Free Growth – Funds contributed to a DAF have the potential to grow tax-free over time, allowing you to increase your charitable impact with each grant you recommend.
- Strategic Philanthropy – A DAF allows you to organize and manage your charitable giving in one place, providing a clear view of your contributions and grants. This makes it easier to align your philanthropy with your financial and charitable goals.
- Family Involvement – Donor-Advised Funds offer an opportunity for families to engage in philanthropy together. You can involve your children or other family members in the decision-making process, teaching them the importance of giving back to the community.
How Does a Donor-Advised Fund Work?
- Establish Your Fund – Open a Donor-Advised Fund by making a tax-deductible donation of cash, securities, or other assets. You can do this through your financial institution or through a sponsoring organization that manages DAFs.
- Grow Your Fund – Once established, the assets in your DAF can grow tax-free. You have the flexibility to let the funds grow over time or begin recommending grants to the Benicia Community Foundation or other nonprofits whenever you are ready.
- Recommend Grants – At any time, you can recommend grants from your DAF to the Benicia Community Foundation to support our community programs or other nonprofit causes important to you. The process is simple, and you have full control over when and where your donations go.
Supporting Benicia Through Your DAF
When you establish a Donor-Advised Fund, you have the flexibility to support the Benicia Community Foundation in a way that fits your charitable vision. Whether you wish to fund specific initiatives like education, the arts, or community development, or prefer to offer unrestricted support to Benicia Community Foundation, your contributions will make a significant impact on the future of Benicia.
How to Get Started
Establishing a Donor-Advised Fund is simple, and the Benicia Community Foundation is here to guide you through the process. We work closely with donors and their financial advisors to ensure that your DAF is set up to meet your charitable goals while maximizing your tax benefits. Once your fund is in place, you can recommend grants to support Benicia Community Foundation’s mission of strengthening the Benicia community.
Contact Us for More Information
If you are interested in learning more about Donor-Advised Funds and how they can benefit both you and the Benicia community, we encourage you to get in touch with us. Our team is ready to help you explore this flexible giving option and answer any questions you may have.
