DAF Day is October 8th!
October 8 is DAF Day, a nationwide celebration of generosity by giving through Donor Advised Funds (DAF). The objective of DAF Day is to:
Increase awareness and impact of DAFs.
Encourage DAF donors to experience the joy of giving on this specific date, October 8, and create a large, coordinated effort to support charitable causes.
What is a Donor Advised Fund (DAF)
A DAF account is a simple, tax-smart investment option for charitable giving.
A DAF is your own personal savings account, dedicated to giving to charities. You contribute money, or assets, into your DAF account now, and then give a portion of your balance to causes you care about whenever you’re ready, over the coming years.
Explained another way, a DAF is like a 401k or a Health Savings Account for Health Care. It is pre-committed / earmarked to charitable giving. You set your money aside in a special account, tax-free. It is invested and grows. You donate any amount of this savings to IRS-qualified 501(c)(3) public charities any time in the future.
How to get started?
Open a charitable giving account
Choose a community foundation or financial institution ( e.g. Fidelity, Vanguard). It is an easy process and can be done online. Complete an application and wait for acknowledgement of the account being opened. Many have no minimum balance.
Fund the account:
Once you establish an account, you can fund it with cash, or better yet, with appreciated stocks or mutual funds, to be eligible for an immediate tax deductible donation.
When you make a DAF gift to Paws for Life NC today, you’re helping to save and improve the lives of homeless cats and dogs through foster-based rescue operations.
Support Paws for Life NC's mission to help SAVE MORE LIVES
Give easily and get counted in today's impact by giving through DAFpay https://www.pawsforlifenc.org/givingoptions on October 8th.
Celebrate the power of giving together by spreading the word.
Your DAF can do more than ever before. Join us and be part of the movement.
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