Donor Advised Funds
A donor-advised fund (DAF) is a type of giving fund administered by a third party that allows you to combine favorable tax benefits with the flexibility to easily support the GRO Fund
An increasingly popular charitable vehicle, DAFs provide a way to simplify your charitable giving. DAFs allow you to give cash, stock, and other assets and receive a tax deduction when the contribution is made. Then, you may use the fund to grant specific amounts to the GRO Fund over time. Many philanthropists view their donor-advised funds much like a family foundation; it is an alternative to a private foundation but provides greater tax advantages and involves fewer administrative burdens.
How It Works
Establish your DAF by making a tax-deductible donation to a financial company that operates a DAF program, such as Vanguard, Fidelity, Schwab Charitable, or a community foundation.
Determine the investment allocation of the donated assets (any investment growth is tax-free).
Recommend grants to the Georgia Resilience and Opportunity (GRO) Fund whenever you wish to make a gift. We advise entering the GRO Fund’s employer identification number (EIN), 87-1811721, when searching a DAF charity database.
To learn more about making a gift to the GRO Fund using your donor-advised fund, please contact finance@thegrofund.org.
