Donor-Advised Funds

A donor-advised fund (DAF) acts like a philanthropic savings account. It is a common type of giving program sponsored and administered by community foundations and investment companies, which allows you to combine very favorable tax benefits with the flexibility to conveniently support Saint John’s Prep. 

How does it work?

• You establish a DAF through an investment advisor or broker (e.g., Fidelity Investments or Charles Schwab) or a local community foundation (e.g., Community Giving).
• You fund your DAF with cash and/or securities and choose an investment program (any investment growth is tax-free). You make additional transfers to your DAF at any time.
• When the time is right for you, contact your DAF sponsor to initiate a grant to Saint John’s Prep. Simply provide them with our name and address, the purpose of the grant, and our tax identification number: 41-0693976.

WHAT ARE THE ADVANTAGES OF A DONOR-ADVISED FUND?

Simplicity – The DAF sponsor handles all record-keeping, disbursements, and tax receipts.
Tax Efficiency – Contributions you make to your DAF are tax-deductible to the extent allowed by federal law and any investment growth in the DAF is tax-free. (Consult your tax advisor for details specific to you.)
Family Legacy – The DAF is a powerful way to build or continue a tradition of family philanthropy.
Low Costs – A DAF normally has low or no startup costs or transaction fees.

When you initiate a gift from your DAF to Saint John’s Prep, you can choose to be recognized or remain anonymous.

For more information, please contact a member of the Advancement Team at 1-800-525-7737