Donor Advised Fund

A donor-advised fund is like a charitable investment account to support charitable organizations you care about. When you contribute cash, securities, or other assets to a donor-advised fund at a public charity, like Fidelity Charitable, Schwab Charitable, or BNY Mellon Charitable Gift Fund, you are generally eligible to take an immediate tax deduction.

Those funds can be invested for tax-free growth, and you can recommend grants to virtually any IRS-qualified public charity.

For The Love of Alex is a non-profit organization that funds emergency and life-saving veterinary care for pets of low-income households. One of the most effective ways to support this charity is through a Donor Advised Fund (DAF). DAFs are a powerful tool for charitable giving that allows donors to impact their community while also receiving tax benefits significantly.

Here are some key reasons why a DAF can be an excellent option for supporting For The Love of Alex:

  • A DAF allows donors to impact with a single contribution significantly. Instead of making small, recurring donations, donors can contribute substantially to their DAF and choose which charities to support over time.

  • DAFs provide tax benefits. Donors receive an immediate tax deduction for their contribution to the DAF and can recommend grants to charities like For The Love of Alex over time. This can help donors reduce their taxable income and potentially increase their charitable impact.

  • DAFs are flexible. Donors have the flexibility to recommend grants to For The Love of Alex at any time, allowing them to respond to the charity's changing needs and priorities.

  • DAFs can be a great way to involve family members in charitable giving. Donors can name their children or other family members as advisors to their DAF, allowing them to recommend grants to For The Love of Alex or other charities.

By supporting For The Love of Alex through a DAF, donors can make a significant difference in the lives of needy pets while receiving tax benefits and maintaining flexibility in their giving.

To learn more about DAFs and how they can support For The Love of Alex. Please contact your Financial Planner or Fund Manager for more details.