Donor-Advised Funds
INTERMOUNTAIN FOUNDATION TOPICS
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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
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).
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.
Contact Us
Colin Ware, CFRE MBA
Foundation Gift Planning Officer
Intermountain Foundation
C: 303-257-2082
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