Donor Advised Funds
A New Trend in Making Donations
Changes to the tax code have some people looking for new ways to give. Right now we’re hearing from supporters that Donor-Advised funds are one of the easiest and most tax-advantageous ways to contribute and help the cats.
A Donor-Advised Fund (DAF) is like an investment account just to support non-profit organizations. When you contribute cash, securities, or other assets to a DAF you are generally eligible to take an immediate tax deduction. Your charitable gift now belongs to the DAF’s sponsoring organization (such as Fidelity Charitable, Vanguard Charitable, or Oregon Community Foundation) and those funds are invested for tax-free growth. You become a DAF advisor and you can then recommend grants to a non-profit like FCCO.
Ask your tax specialist if this would be a good way for you to help the cats!
The Feral Cat Coalition of Oregon is a 501(c)3 organization.
Our tax ID is 93-1168181.