DONOR ADVISED FUNDS

A Donor Advised Fund (DAF) is a charitable giving program that allows you to combine the most favorable tax benefits with the flexibility to support causes whose missions resonate with you the most. DAFs are an efficient and effective way to manage your charitable contributions, offering flexibility in both timing and recipients. By establishing a DAF, you can recommend grants to The Haven and other organizations that align with your values, while also benefiting from immediate tax deductions. Whether you are working with a community foundation or a financial advisor, setting up a Donor Advised Fund is a great way to streamline your giving and ensure that your support reaches those who need it most.

Setting Up a Donor Advised Fund

Setting up a Donor Advised Fund is a straightforward and flexible process. You can work with a community foundation or your financial advisor to establish your fund. Once your DAF is set up, you will be able to contribute funds to it, receive immediate tax deductions, and decide how those funds are distributed to support various causes, including The Haven’s programs. Your giving doesn’t need to be limited to one-time donations; you can recommend grants over time, giving you continued involvement in how your charitable funds are used.

Steps to set up a DAF:

  • Choose a sponsoring organization: Many community foundations offer DAFs, or you can work with your financial advisor to select one that aligns with your values and giving goals.

  • Make contributions: Once established, you can make one-time or recurring contributions to your DAF, which can grow over time.

  • Receive immediate tax benefits: Contributions to your DAF qualify for a tax deduction in the year they are made, helping you reduce your taxable income.

  • Recommend grants: After your DAF grows, you can recommend grants to The Haven or any other charity you support. These grants can be distributed to various programs or projects that resonate with your giving strategy.

  • Monitor and manage your fund: You’ll have the flexibility to track the growth of your fund and make decisions about how and when grants are distributed.

Establishing a Donor Advised Fund is not just about making a donation today; it’s about creating a legacy of support that will continue to benefit The Haven and other organizations for years to come.

Donor Advised Fund benefits

Donor Advised Funds offer numerous benefits, making them an ideal choice for individuals who want to give strategically and maximize their charitable impact. With a DAF, you gain the flexibility to support multiple causes over time, while also benefiting from tax advantages. Choosing The Haven for your DAF ensures that your charitable dollars directly support individuals and families in need, providing long-term solutions to those affected by abuse and disabilities.

Key benefits include:

  • Maximal tax advantages: Contributions to your DAF qualify for an immediate tax deduction, and the funds within your DAF can grow tax-free. This provides immediate financial relief while also enhancing your philanthropic impact over time.

  • Efficient giving: Your funds are available for distribution to The Haven and other organizations as soon as they are needed, ensuring your gift is used quickly and efficiently.

  • Flexibility: You have complete control over how your funds are distributed. You can choose to support one organization or multiple charities, and even direct your gift toward specific projects or initiatives.

  • Asset growth: Your DAF can grow over time, maximizing the value of your contributions. This growth increases the potential impact your gift can have on The Haven and other organizations.

  • Easy integration with estate planning: DAFs can be integrated into your broader estate planning strategy, allowing you to provide long-term support for causes you care about without complicating your will or trust.

By choosing The Haven for your DAF, you ensure that your legacy lives on through meaningful gifts that support our mission of helping individuals and families who have been impacted by abuse or disabilities.

FAQs

Can I donate by sending a check?
If you do not wish to donate online you may mail a check made out to the Louis & Gloria Flanzer Philanthropic Trust, 1266 First Street, Suite 1, Sarasota, FL 34236 and write “The Haven” in the memo. If you wish to donate directly to The Haven, please make your check out to “The Haven” and mail to 4405 Desoto Road, Sarasota, FL 34235.

Is there donation matching?
The Louis & Gloria Flanzer Philanthropic Trust will match $5-$500 per household per month up to $3,000 per year.

FOR MORE INFORMATION…

REACH OUT TO:

Brad Jones
President & CEO
bjones@thehavensrq.org

REACH OUT TO:

Larry Shatoff
Board Member
lshatoff@comcast.net