Donor-Advised Fund

A donor-advised fund (DAF) is an economically attractive way to make a charitable contribution and an excellent opportunity to involve you and your family in a long-term charitable giving plan.

You may generally establish a donor-advised fund with a charitable sponsor simply by signing an agreement and then making a contribution to the fund. Charitable fund sponsors include the charitable arms of for-profit financial institutions, such as Fidelity Charitable Gift Fund, the Vanguard Charitable Endowment Program, and Chicago Community Trust. Fund sponsors also include many community foundations as well as some hospitals and educational institutions.

You will receive an income-tax charitable deduction for the value of your initial contribution to the fund (grants made from the fund in subsequent years to the charities you choose do not qualify for additional charitable tax deductions).

You and/or another person or persons may serve as the fund advisor and make grant recommendations, such as gifts to WTTW and WFMT.

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