Donor-Advised Fund
Harness the Giving Power of a Private Foundation
A donor-advised fund (DAF), which is like a charitable savings account, gives you the flexibility to recommend how much and how often money is granted to Dana-Farber and the Jimmy Fund and other qualified charities. You can recommend a grant or recurring grants now to make an immediate impact or use your fund as a tool for future charitable gifts.
You can also create a lasting legacy by naming Dana-Farber and the Jimmy Fund the beneficiary of the entire account or a percentage of the fund. With a percentage, you can create a family legacy of giving by naming your loved ones as your successor to continue recommending grants to charitable organizations. Contact your fund administrator for a beneficiary form.
DAF Basics
Still learning about DAFs? Discover the ease of opening a donor-advised fund—plus the advantages you’ll enjoy—with your FREE guide Centralize Your Giving With Donor Advised Funds.
An Example of How It Works
The couple receives a federal income tax charitable deduction for the amount of the gift. They also get all the time they need to decide which charities to support.
After researching community needs with the foundation’s staff, Joe and Laura recommend grants for Dana-Farber and the Jimmy Fund (which they've supported for years) and the Animal Rescue League. The foundation presents the charities with checks from the Megan Fund, which Joe and Laura named in honor of their daughter. Joe and Laura are delighted to start this personal legacy of giving.
FREE Estate Planning Guide
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Sample language to share with your attorney:
"I bequeath (a specific dollar amount/_______percentage or the entire residue of my estate) to Dana-Farber Cancer Institute, Inc., 450 Brookline Avenue, Boston, Massachusetts 02215 (for cancer research and patient care, or for a specific purpose important to you). Dana-Farber’s Federal Tax ID: 04-2263040."
Get More From Your DAF
Ensure you’ve made the most of your donor-advised fund—for your family and for Dana-Farber and the Jimmy Fund. Download the FREE guide Maximize the Impact of Donor Advised Funds.
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