What is a Donor Advised Fund?

Interested in starting a Donor Advised Fund with Legacy? See if this giving account is the right fit for you!

Do you regularly make donations to charity- whether it be your alma mater, house of worship or specific non-profit organizations? Do you or your family own property or other assets that would be useful to others? Do you want to spread good in the world for your future family generations? You might want to look into starting a Donor Advised Fund with Legacy!

There are multiple benefits for starting a Donor Advised Fund. These accounts are personalized based on your charitable mission, which is what you would like your contributions to assist with, and simplifies the accounting process for tax season. 

Donor advised funds are able to receive immediate tax deductions. Because Legacy accepts a wide range of assets, including but not limited to cash, real estate and crypto, there are many people who can benefit from starting a Donor Advised Fund. Depending on how much your assets are worth with type and ownership length, the donor may be eligible to claim itemized tax deductions. 

With a Donor Advised Fund, set the example for those down the line and introduce philanthropy early! With our team’s help at Legacy, you can create your own legacy, and teach those in your life about the benefits of supporting your community. To look more into starting a Donor Advised Fund at Legacy, contact us today!

Looking to do more with Legacy? Read on our fiscal sponsorships and see if this account would be better for you!