ACF is always looking for ways to make charitable giving easier. We are an easy option if you have a donor advised fund, and/or an account with many brokerage charitable organizations. All you need do is use the DAF direct link below, or log into your Charitable account, chose the American Cancer Fund, and make your donation. See below for a list of some of the more popular DAF opportunities.
What is a donor advised fund (DAF) and how does it work or help me reduce taxes?
An Effective Way to Give
DAFs are a centralized vehicle for charitable giving that makes it easy for donors to dedicate funds to support their favorite nonprofit organization. They also provide an operationally convenient and tax-efficient method for donors to manage their charitable giving.
With a DAF, charitably inclined individuals, families and businesses make an irrevocable gift to a public charity that sponsors a donor-advised fund program, and may take an immediate tax deduction. Donors can then recommend grants over time to IRS-qualified 501(c)(3) public charities. DAFs also allow donors to approach their charitable giving thoughtfully by involving other family members or colleagues in their philanthropic decisions. Most DAFs accept donations of long-term appreciated securities and other assets, and donors can advise how the funds are invested which could potentially allow tax-free growth, which could result in more money for your favorite charity,
DAF direct makes giving even easier. They have teamed up with the major DAF players to help you donate more easily and quickly to the following Charitable Giving foundations through their brokerage accounts. Here are the top 3:
- Fidelity Charitable giving account Click here and read about the benefits of the Fidelity giving account.
- Schwab Charitable,
- BNY Mellon Charitable
Should you need it, our guidestar profile can be found by clicking here. Our EIN is 20-3232112. Please make sure you use the words American Cancer Fund in the designation section below.
Additional companies that have donor advised funds:
Morgan Stanley – We are currently working with Morgan Stanley to develop a dedicated ACF Donor advised Fund to make this type of donation even easier, with a potentially smaller minimum investment. Call us for further details.