SUPPORT

Donor Advised Funds (DAFs)

A donor-advised fund, or DAF, is like a charitable investment account for the sole purpose of supporting charitable organizations you care about, like the Visual Arts Center of New Jersey.

When you contribute cash, securities, or other assets to a donor-advised fund at a public charity—like Fidelity Charitable, U.S. Chairitable Gift Trust, Vanguard Charitable Endowment Program, and others—you are generally eligible to take an immediate tax deduction. Then those funds can be invested for tax-free growth, and you can recommend personally directed grants to the Visual Arts Center of New Jersey.

You want your charitable donations to be as effective as possible when you give, and donor-advised funds are the fastest-growing charitable giving vehicle in the United States because they are one of the easiest and most tax-advantageous ways to give to charity. Let’s take an in-depth look at how a DAF works:

How a Donor-Advised Fund Works

MAKE A TAX-DEDUCTIBLE DONATION

Establish a Giving Account and then donate cash, stocks, or non-publicly traded assets such as private business interests, cryptocurrency, and private company stock to be eligible for an immediate tax deduction. A contribution to a donor-advised fund is an irrevocable commitment to charity; the funds cannot be returned to the donor or any other individual or used for any purpose other than grantmaking to charities.

GROW YOUR DONATION, TAX-FREE

While you’re deciding which charities to support—like the Visual Arts Center of New Jersey!—your donation can potentially grow, making available even more money for giving. Most sponsoring organizations have a variety of investment options from which you can recommend an investment strategy for your charitable dollars.

SUPPORT THE VISUAL ARTS CENTER OF NEW JERSEY—NOW, OR OVER TIME

You can support the Art Center with grant recommendations from your donor-advised fund. The public charity sponsoring your account will conduct due diligence to ensure the funds granted go to an IRS-qualified public charity and are used for charitable purposes.

Questions? Contact Jillian Decker, CFRE, Director of Development & Communications, at jdecker@artcenternj.org or by calling 908.273.9121 ext. 217.

The gift planning information presented on this site is intended as general. It is not to be considered tax, legal, or financial advice. Please consult your own personal advisors prior to any decision.

DISCLAIMER

The material presented on this website is not offered as legal or tax advice.

The Visual Arts Center of New Jersey is not engaged in legal or tax advisory service. For advice or assistance in specific cases or whether to make certain a contemplated gift fits well into your overall circumstances and planning, the services of an attorney or other professional advisor should be obtained.

The purpose of this website is to provide general gift, estate, and financial planning information. Watch for tax revisions. State laws govern wills, trusts, and charitable gifts made in a contractual agreement. Advice from legal counsel should be sought when considering these types of gifts.

We do not collect or store any sensitive information through this website. When you send us an e-mail, just remember that like any other e-mail it is not secure, and therefore you should refrain from sending sensitive data such as social security numbers, credit card numbers, bank routing numbers, and the like.