Bar Bulletin

Bar Bulletin

Donor-Advised Funds For Charitable Giving

June 2019 Bar Bulletin

By LeAnne Moss

Are you looking for an easy way to manage your charitable giving? A donor-advised fund (DAF) might be for you. A DAF is a charitable-giving vehicle administered by a public nonprofit organization that manages donations on behalf of organizations, families or individuals. This public nonprofit serves as the sponsoring organization. 

Once you make a contribution to the sponsoring organization, you receive a tax deduction and relinquish legal ownership and control over the funds. However, you and/or your representative (advisor) retain advisory privileges and at any time can recommend grants from the account to qualified nonprofit organizations. The sponsoring organization does the due diligence to make...

CURRENT MEMBER?

SIGN IN TO VIEW THE REST OF THIS ARTICLE

NOT A MEMBER?


King County Bar
Association

1200 5th Ave, Suite 700
Seattle, WA 98101

Main (206) 267-7100

 Contact Us

Links

KCBF Logo

YLD Logo