Donor Advised Funds
Planned Giving
A Donor Advised Fund (DAF) is a simple, tax-efficient way to support LMM while maximizing your charitable giving. By contributing to a DAF, you can make a gift that grows tax-free and recommend grants to LMM over time, helping sustain our vital programs and services.
Benefits of Donor Advised Funds
- Simplified Giving: Manage all your charitable contributions from a single account, making it easier to track and plan your philanthropy.
- Flexibity: Distribute grants to LMM on your timeline, whether immediately or over several years.
- Tax Advantages:
– Receive an income tax deduction for contributions in the year they are made, even if you recommend grants to LMM at a later date.
– Contribute appreciated assets, such as stocks, and avoid capital gains taxes.
How it Works
- Open a Donor Advised Fund through a sponsoring organization, such as a financial institution, community foundation, or charity.
- Fund your DAF with cash, stocks, or other assets.
- Advise the sponsoring organization to distribute grants to LMM whenever you choose.
