Donor-Advised Funds

Getting Started

What is a donor-advised fund?

A donor-advised fund (DAF) is like a charitable investment account, for the sole purpose of supporting charitable organizations you care about. When you contribute cash, securities, or other assets to a donor-advised fund at a public charity, you are generally eligible to take an immediate tax deduction.

Why open a donor-advised fund?

Donor-advised funds enable donors to qualify for a current year tax deduction and recommend grants at a later time at their convenience or when the charitable assets have had the chance to grow. DAFs also make it easier to donate appreciated investments or assets that may be more difficult for charities to accept directly.

Who can open a donor-advised fund?

Individuals, families, companies, foundations, and other entities may open a donor-advised fund.

What amount do I need to start a fund?

Donor-advised funds can be established with an initial contribution of $5,000 or more. If a donor wants to set up a fund but doesn’t have a $5,000 lump sum gift, CFWG will accept smaller gifts into an “Acorn Fund” as long as there is a commitment to contribute at least $1,000 a year annually to the fund until it reaches $5,000. As soon as the donor’s Acorn Fund balance reaches $5,000, a donor-advised fund will be established.

How do I start a fund?

Contact us today at (770) 832-1462 or by visiting our office at 807 South Park Street, and we will walk you through the process!