Did you know that, like a 401(k) or HSA, there’s a payroll account designed to enhance your giving potential and simplify your charitable contributions?
A Donor-Advised Fund (DAF) works much like a charitable investment account, giving you a tax-advantaged, flexible way to support the causes you care about—such as the Lucy Robbins Welles Library. It is a giving account established as a public charity. The 501(c)(3) public charity serves as a "sponsoring organization." which manages and administers individual DAF accounts.
A DAF allows you to contribute assets, invest them, and then distribute funds to qualified 501(c)(3) nonprofits like the Library. It’s an easy, efficient way to manage your philanthropy, whether you're an individual, family, or company. Check with your financial advisor for details or contact the Library’s Fund Development Committee for help with setting up a DAF strategy. If you already have a DAF, consider supporting the Lucy Robbins Welles Library - it’s a tax-efficient way to make a meaningful impact.
DAFs are powerful tools for maximizing your charitable giving capacity. The process is simple: Fund It, Grow It, Share It. Start by contributing assets to your DAF. Let them grow through investments. Then, recommend cash gifts to the nonprofits of your choice, anytime.