Donor Advised Funds
This is a convenient and flexible way to manage your charitable giving and a cost-effective alternative to establishing a private foundation. What you do:
Recommend that a distribution be made from your donor advised fund for ASPCA programs and services. The gift is then made in your fund's name.
While the ASPCA does not directly manage Donor Advised Funds, there are a number of financial institutions and community trusts that can assist you in establishing such a fund. Contributions and/or grants from you DAF can be made to a number of charitable organizations of your choice and you receive many benefits including:
- An immediate tax deduction
- The flexibility of one source for your charitable giving, without the costs and administrative obligations of a private foundation
- More ongoing tax benefits with a donor advised fund than with a private foundation
- No start-up costs or administrative expenses