Donor Advised Funds (DAF)

Give from Your Donor Advised Funds

DAFs allow donors to give cash, stock and other assets and receive where the donor receives an immediate tax deduction when the contribution is made. Donors can choose specific amounts to the charities of their choice at a later time.

How It Works

1. Establish your DAF by making an irrevocable, tax-deductible donation to a public charity that sponsors a DAF program
2. Advise the investment allocation of the donated assets (any investment growth is tax-free)
3. Recommend grants to qualified public charities of your choice

Main Advantages of Donor-Advised Funds

Donor-advised funds provide a number of benefits that direct donations to a charity may not, including:

• Simplicity – The DAF sponsor handles all record-keeping, disbursements, and tax receipts Flexibility – Timing of your tax deduction can be separate from your charitable decision making
• Tax-efficiency– Contributions are tax-deductible and any investment growth in the DAF is tax-free. It is also easy to donate long term appreciated securities, eliminating capital gains taxes and allowing you to support multiple charities from one block of stock
• Family legacy – A DAF is a powerful way to build or continue a tradition of family philanthropy
• No start-up costs – There is no cost to establish a donor advised fund. However, there are often minimum initial charitable contributions to establish the DAF (typically $5,000 or more)**
• No transaction fees – Once approved, 100% of your recommended grant goes to your qualified public charity of choice**
• Privacy if desired – Donors may choose to remain anonymous to the grant recipient

** Sponsoring organizations generally assess an administrative fee on the assets in a DAF. These fees vary by sponsoring organization

What Can Donor-Advised Funds Do for St. John’s Episcopal Hospital?

DAFs provide an easy, flexible, low-cost method of giving which supports quality healthcare for individuals throughout the Rockaways. These gifts are essential parts of the lasting changes we make in the lives of our patients in need through our services and programs. For example, you can also establish planned giving beneficiary designations for giving as part of your estate planning and legacy philanthropy.

Contact Information

To learn more about making a gift to St. John’s Episcopal Hospital using a donor advised fund, please contact St. John's ICARE Foundation at (718) 869-8058.

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St. John 's ICARE Foundation LLC is wholly owned by Episcopal Health Services, Inc. (the “Charity”) and is treated by the Charity as a disregarded entity. The Charity is tax-exempt under Code Section 501 (c)(3) and is a public charity under Code Section 170(b)(1)(A)(iii). To make a cash charitable gift or a tribute now, CLICK HERE to donate online.