Frequently Asked Questions

A donor-advised fund, or DAF, is a giving account established at a public charity. The 501(c)(3) public charity serves as a “sponsoring organization,” which manages and administers individual DAF accounts. DAF accounts allow donors to make a charitable contribution, receive an immediate tax deduction and then recommend grants from the fund over time.  Donors can contribute to the fund as frequently as they like, and then recommend grants to their favorite charitable organizations whenever it makes sense for them. This allows donors to give when they can, then grant when it’s needed. https://www.nptrust.org/what-is-a-donor-advised-fund/

Yes – and we’d love that. Here’s our EIN and the legal name to use with your DAF sponsor.  Friends for Survival, Inc., EIN: 31-1640393 

Yes. The tax deduction happens when you fund the DAF. Your gift to us comes from money that’s already been set aside for charity, which is why it can sometimes mean a larger gift than you’d give from your checking account.

Planned giving is the process of arranging a major charitable donation in advance as part of a person's financial or estate plan, most commonly through charitable bequests, charitable gift annuities, and charitable trusts. These gifts allow donors to make larger contributions than they could from ordinary income while receiving tax benefits or future income. 

Common Types of Planned Gifts:

• Bequests: Naming a non-profit organization as a beneficiary in a will or living trust.
• Charitable Gift Annuities: Transferring assets to a charity in exchange for fixed payments for the rest of the donor's life.
• Charitable Remainder Trusts: Placing assets into a trust that pays income to the donor for a set time, with the remaining balance going to the charity. 

Key Benefits:

• Tax Relief: Reducing income, capital gains, or estate taxes.
• Lifetime Income: Providing financial support or income streams for the donor or their heirs during their lifetime.
• Larger Impact: Enabling major philanthropic support that might not be possible through everyday cash donations.