Donor-Advised Funds

With a donor-advised fund (DAF), you can make a gift now, receive a current income tax deduction, and retain the flexibility to recommend gifts later when the time is right.

You may find that using a DAF provides a simple, meaningful way to benefit Intermountain Foundation and other charities. Consider the following:

  • You establish a DAF with a single donation and can make additional donations later if you wish. Most DAFs accept assets beyond cash and securities, sometimes including real estate, cryptocurrency, or closely held stock.
  • The donor-advised fund then owns those assets and administers the fund—you no longer need to manage the money.
  • This arrangement allows you to qualify for an immediate charitable income tax deduction for the amount contributed to the DAF, even though the money hasn’t been distributed to charity yet.
  • In the future, you can recommend (but not require) gifts to be distributed to specific charities.

Evaluate the fit.

Donor-advised funds may be a particularly good option to consider if you:

  • Want to make a large, tax-deductible contribution this year to offset increased income
  • Haven’t yet fully established your charitable goals, so would like flexibility in making future gifts
  • Would find it beneficial to segment your charitable funds from your other assets
  • Would like to donate a more complex non-cash asset that your intended charitable recipient(s) cannot accept
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See how it works.

Five years ago, Marta earned a significant year-end bonus. She knew she wanted to use that money for a charitable purpose, but she wasn’t yet sure where she wanted to have an impact, and she had little time to decide. She chose to donate the full amount to a DAF, which ensured an immediate and much-needed charitable income tax deduction. The DAF invested the assets and retained ultimate authority over any distributions.

This year, Marta's nephew received excellent, compassionate care at Intermountain Health after a car accident. Marta uses her advisory privileges to recommend a grant from the DAF to us to help fund the Shock/Trauma Intensive Care Unit going forward. The DAF distributes the recommended gift to us (they are not obligated to do so, but in most cases, they will follow Marta's recommendations).

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Consider your timing.

If you want to qualify for a charitable deduction this year, you should initiate your gift by Friday, December 13, 2024.

We can help.

We can provide you with more information about donor-advised funds and grants to Intermountain Foundation.

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Colin Ware Cfre Mba

Contact Us

Colin Ware, CFRE  MBA
Foundation Gift Planning Officer
Intermountain Foundation

C: 303-257-2082