Donor Advised Funds
Donor Advised Funds (DAFs) are the fastest-growing giving method and tax-efficient way to manage charitable gifts. DAFs allow investors to make a charitable contribution, receive an immediate tax deduction, and recommend grants from the fund over time.
Clients of Fidelity Charitable, Schwab Charitable and BNY Mellon can easily make a designation by clicking the DAF Direct image to the right or following this link to recommend a grant from your fund to The Hunger Project.
If you have a DAF with another organization, please contact them directly to recommend a grant to The Hunger Project. You will need the following information:
- Legal Name: The Global Hunger Project
- Location: New York City, NY
- Federal Tax ID Number: 94-2443282
Grants made to The Hunger Project through DAFs can be designated for use wherever the need is greatest or aligned with geographic program areas in Africa, South Asia or Latin America.
What is a Donor Advised Fund?
A Donor Advised Fund is a charitable giving vehicle sponsored by a public charity (called the sponsoring organization).
- You establish your Donor Advised Fund by making an irrevocable, tax-deductible contribution to a sponsoring organization.
- You surrender legal ownership of the monies in the fund, but retain advisory privileges.
- The sponsoring organization then makes grants from the DAF over time to IRS-qualified public nonprofits like The Hunger Project.
- Your donation is also invested based on your preferences, so it has the potential to grow, tax-free, while you’re deciding which charities to support.
What are the Benefits of a Donor Advised Fund?
- You are eligible for an immediate tax deduction.
- It simplifies record-keeping; you only have one tax receipt.
- You advise the sponsoring organization on how to grant the money to your favorite nonprofits.
- Your donation is invested, so it has the potential to grow, tax-free, while you decide which nonprofits to support.
- Contributing assets other than cash is simple with a Donor Advised Fund. Assets you can contribute include publicly traded securities, mutual fund shares, bitcoin, private equity and hedge fund interests, real estate, certain complex assets, such as privately held C-corp and S-corp shares.