Donor Advised Fund (DAF) Donations
What is a Donor Advised Fund?
According to Fidelity Charitable, “A donor-advised fund is like a charitable investment account, for the sole purpose of supporting charitable organizations you care about. When you contribute cash, securities or other assets to a donor-advised fund at a public charity you are generally eligible to take an immediate tax deduction. Then those funds can be invested for tax-free growth and you can recommend grants to virtually any IRS-qualified public charity.”
Some of the benefits of a donor-advised fund include:
- Easily contribute to a wide range of assets
- Maximize potential tax benefits
- Invest your donation for tax-free growth
- Simplify recordkeeping and organization
- Support your legacy planning
How do I give to Channel One from my Donor Advised Fund?
To designate Channel One as a recipient of your donor advised fund, contact your provider directly.
Your DAF provider may request Channel One’s EIN prior to sending your gift. Channel One’s EIN is 41-1379713.