Donor Advised Fund
A Donor Advised Fund (DAF) might be a great solution for you, your family, or your business. You can use a Donor Advised Fund to recommend grant distributions to an unlimited number of nonprofit organizations during your lifetime. After your lifetime, you can designate the next generation of fund advisors who can carry on your legacy of generosity or support your favorite organization(s) in perpetuity.
Flowchart: Donor transfers stock, cash, or other assets to a Donor Advised Fund at Community Foundation of Louisville, which adds to the fund balance. Then, the fund advisors recommend grant distributions from the Donor Advised Fund to their favorite causes and organizations.
You enjoy several benefits with your Donor Advised Fund
- Create and advise a flexible tool for your annual charitable giving
- Benefit from a more tax and cost efficient alternative to a private foundation
- Obtain a charitable income tax deduction in the year of your contributions to the Donor Advised Fund
How a Donor Advised Fund works
- You make an initial, irrevocable gift of cash, stock, or other asset to fund your Donor Advised Fund at the Community Foundation of Louisville (tax deductible)
- The assets in your DAF grow tax-free
- You recommend grant distributions from your Donor Advised Fund to your favorite nonprofit organizations (not tax deductible)
Contact us
If you have any questions about Donor Advised Funds, please contact us. We would be happy to assist you and answer any questions you might have.
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