Donor Advised Funds (DAFs)
How it works:
- You establish and contribute to a donor-advised fund with a sponsoring organization.You receive a charitable deduction at the time you fund the DAF (subject to IRS rules), and the assets in the fund can be invested for potential growth.
- You receive a charitable deduction at the time you fund the DAF (subject to IRS rules), and the assets in the fund can be invested for potential growth.
- When you are ready, you recommend that the sponsoring organization make a grant from your DAF to the Edinboro University Foundation.
Why it can be better than giving cash:
- Strategic, long-term giving
- Potential for growth
- Simplified recordkeeping