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Alex and Rose

Alex and Rose

A Donor Advised fund is basically a "time shifting" device where the tax deduction is immediate, but we can spread out the grants to different eligible charities over time. When we've had a year with high income we are able to make a contribution to a DAF to offset the taxes due that year, but make grants from that fund to charities in future years. The funds in a DAF can continue to grow depending on the investment option we select. We owned some stock that I believed was peaking in price. I was able to donate that appreciated stock at that point to our DAF, take the deduction for the fair market value of the stock, avoid paying capital gains taxes, and grant out the proceeds in the following years. Our DAF has a successor trustee to continue the grant making after we are gone.


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