Donor-Advised Funds
Thank you for supporting The Gem Foundation through a donor-advised fund. To get started, fill out the fields in the DAF Direct widget and click NEXT to get started. Make sure to type in “The Gem Foundation” as the designation. Need help? You can reach out to Jennifer Pfleging for additional assistance.
What is a donor-advised fund?
A donor-advised fund (DAF) is a centralized charitable account. It allows charitably inclined individuals, families, and businesses to make tax-deductible charitable donations of cash, publicly-traded stock, and, in some cases, certain illiquid assets, to a public charity that sponsors a DAF program.
The Gem Foundation can receive donations through the following DAF programs:
How does a donor-advised fund work?
Donors make an irrevocable, tax‐deductible contribution of cash, long‐term appreciated securities or other assets to a charity that sponsors a DAF program, which then establishes an account in the donor’s name. DAF donors may choose from a variety of investment options and proceeds are put into an account from which donors may make grant recommendations.
What are the benefits of a donor‐advised fund?
Simplicity: The DAF sponsor handles all record‐keeping, disbursements, and tax receipts.
Flexibility: Timing of your tax deduction can be separate from your charitable decision making.
Tax‐efficiency: Contributions are immediately tax‐deductible and any investment growth in the DAF is tax‐free. It is also easy to donate long term appreciated securities, eliminating capital gains taxes and allowing you to support multiple charities from one block of stock.
Family legacy: A DAF is a powerful way to build or continue a tradition of family philanthropy.
No transaction fees: Once approved, 100% of your recommended grant goes to your qualified public charity of choice.
Privacy, if desired: Donors may choose to remain anonymous to the grant recipient.