Do you want your charitable giving to be simple and trouble-free? Are you interested in involving the next generation in your family’s philanthropy?

A donor advised fund (DAF) is a simple and tax-efficient way to manage your philanthropy, allowing you to recommend grants to charities on your own timeline. DAFs can be started by an individual or family with an initial gift of $5,000 or more. When you establish a fund with The Associated, you always have a trusted partner in your philanthropy.

How does a Donor Advised Fund work?

You make an initial, irrevocable gift of cash, appreciated stock or other assets of $5,000 or more to establish the fund.
The assets in your donor advised fund are invested in one of our investment options.
You recommend grants be made to your favorite 501(c)(3) charities, provided that the use of the grant does not conflict with the mission of The Associated. The Associated will verify the tax status and mission of all charitable organizations that receive grants.
Any assets remaining in the fund upon your death or your successor advisors’ deaths are added to The Associated’s endowment fund to help meet future needs of our Jewish community.

What are the benefits?

Above all, you have the ability to facilitate your charitable giving with confidence and ease, supporting causes that matter most to you and your family.
You may receive an immediate charitable income tax deduction in the year of your gift. In future, you do not pay income tax on the income generated by the fund.
You can continue your legacy of giving by naming your children or grandchildren as grant recommenders or by creating a legacy gift from your fund, naming The Associated as the beneficiary.
Your fund comes with reliable support and guidance from The Associated’s professional staff, helping you develop a philanthropic plan that reflects your values and ensures your legacy.