Harness the Giving Power of a Private Foundation—Without the Complexity
Donor Advised Funds
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A donor-advised fund, or DAF, is a philanthropic vehicle established at a public charity allowing donors to make a charitable contribution, receive an immediate tax benefit and then recommend grants from the fund over time. The Wild Sheep Foundation offers donor-advised funds for irrevocable gifts of $50,000 or more to WSF. Funds may be designated as either a "Spendable Fund" that can be used at any time or an "Endowed Fund" that continues to grow with only a small percentage of the fund's overall value used annually to fund grants. WSF takes the burden off the donor by administering the fund, while the donor may designate themselves or other persons to be advisors to the fund.
Check Out This Potential Scenario
Joe and Laura want to give back to their community by putting their money where it will do the most good. They establish a $250,000 donor advised fund with a community foundation. The couple receives a federal income tax charitable deduction for the amount of the gift. They also get all the time they need to decide which charities to support. After researching community needs with the foundation's staff, Joe and Laura recommend grants for WSF (which they've supported for years) and the American Cancer Society. The foundation presents the charities with checks from the Megan Fund, which Joe and Laura named in honor of their granddaughter. Joe and Laura are delighted to start this personal legacy of giving.
- Evaluate a sponsoring organization to make sure it supports your interests, values and the type of asset you are considering as a funding source.
- Get to know the organization's policies and procedures-from minimum contributions to administrative fees. Each organization handles these details differently.
- Seek the advice of your financial or legal advisor.
- Contact Buddy DuVall at 719-352-9512 or firstname.lastname@example.org to discuss using donor advised funds to support WSF and our mission.
- If you include WSF in your plans, please use our legal name and federal tax ID.
Legal Name: Wild Sheep Foundation
Address: 412 Pronghorn Trail, Bozeman, MT 59718
Federal Tax ID Number: 42-1109229
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.