Maximize the Impact of Donor Advised Funds
You know donor advised funds (DAFs) for their convenience and simplicity. But have you considered taking your donor advised fund one step further to build a lasting legacy at Veterans Fighting Fascism, Inc.?
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There are two simple options to ensure future support: |
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1. Name Veterans Fighting Fascism, Inc. as a beneficiary of your fund. You can do this at the time you create the fund, or if you already have one, contact your fund administrator to complete a change of beneficiary form. We can use the remaining funds to support our mission. You have the option of naming Veterans Fighting Fascism, Inc. the beneficiary of the entire account or a percentage of the fund. |
2. Create a family legacy of giving. Name your loved ones as your successor to continue recommending grants to charitable organizations, such as Veterans Fighting Fascism, Inc. This way, the funds can grow to support future family philanthropy. Families can build a tradition of giving and teach the next generation the values of philanthropy by involving them in the decisions about which grants to recommend. |
Stay Up to Date
Review your DAF investment strategy regularly, just as you would to maintain any other investment. You may also want to consider socially responsible investments—those that meet the highest environmental, social and governance standards.
Unique Strategies Using Your Fund
Recommend recurring gifts. You can set up a plan to recommend grants to Veterans Fighting Fascism, Inc. on an ongoing monthly, quarterly, semiannual, or annual basis.
Remember to take advantage of any employee match opportunities. Check with your or your partner/spouse's employer to maximize the impact of your DAF giving at no cost to you!
Name a donor advised fund as a beneficiary of all or part of your retirement plan assets. Not only will your donor advised fund receive these assets tax-free, but you can also name your loved ones as successor advisors to continue your legacy of giving.
Divide and multiply your legacy. Perhaps your loved ones have differing charitable passions. Consider dividing your donor advised fund into multiple accounts or creating separate accounts—one for each loved one. That way, after your passing, each successor can create their own legacy of giving by recommending grants to the causes that are important to them.
A Tax-Smart Solution
To maximize your tax advantages, use a strategy known as bunching.
To get started: Make a gift this year equal to or above your projected charitable giving over the next several years and large enough to exceed your standard tax deduction. Recommend distributions to your favorite charities in the coming years.
Tip: Convert Complex Assets If you want to donate real estate, tangible personal property, or business interests, but your charity of choice is unable to accept these gifts, consider donating the assets to your donor advised fund.
For more information, please contact us at info@veteransfightingfascism.org. We are happy to answer questions about how your DAF can benefit Veterans Fighting Fascism, Inc. both today and in the future at no obligation.