Simplify your giving by opening a Donor Advised Fund (DAF) with LACF.
Many individuals, families, and organizations use DAFs as an easy way to organize all their giving through one expertly-managed and cost-effective giving vehicle while taking advantage of LACF’s services and expertise. DAFs are simpler and less expensive to set up and operate than a family foundation.
LACF Donor Advised Funds offer the following benefits:
- Your gift qualifies for an immediate tax deduction when you establish the fund and when contribute additional gifts to it.
- DAFs are also an excellent way to create a family philanthropic legacy by naming your children or other family members as successor advisers and getting them involved in your grantmaking decisions.
Giving through your LACF Donor Advised Fund is easy.
- If you would like to grant locally, LACF offers personal service and knowledge of local nonprofits and their needs. You may also advise a grant to one of LACF’s programs and emerging nonprofits we help incubate. Our personal service is unique – no other DAF custodian can provide our level of local knowledge. You may advise a donation through our online portal, or work directly with LACF staff.
- We can also work with you if you desire to recommend a grant to nonprofit organizations based elsewhere in the region, the United States, or even to nongovernmental organizations around the world.
- You can recommend a grant from your DAF any time over multiple years. Unlike private foundations, DAFs do not require minimum annual distributions.
Opening a Donor Advised Fund is simple.
- Fill out the LACF DAF agreement (please contact LACF if you have questions or would like assistance in doing this).
- Submit the completed form and your initial tax-deductible gift (check, stock donation, or other assets). The minimum initial gift is $5,000. There is no maximum to establish a fund and you can add to the fund at any time in the future.
- Choose your fund’s investment option (Cash or LACF Long-Term Growth Fund, which is managed by an independent investment manager).
- Start giving from your fund!
Donate to LACF from your Donor Advised Fund
If you already have a DAF at another institution, but would like to donate to LACF, you can contact us and recommend a grant from your fund to LACF’s unrestricted fund or one of our programs. If your DAF is based at another institution (e.g., another community foundation or a financial service company such as Schwab or Fidelity), you can use the link below to connect to your account.