Gift of a grant from your Donor Advised Fund

March 5, 2024 |

A grant made to The National Shrine of Mary, Mother of the Church will help support our mission.

A Donor Advised Fund (DAF) offers the means to have a “charitable savings account” that earns interest until you are ready to make your charitable donations. Consider all the charities to which you give over the year, “bundle” the checks you would write and deposit into your Donor Advised Fund. You will receive a tax deduction that year.

Donations to charity from a Donor Advised Funds are called “grants.” A check is written from your DAF custodian account directly to the charity for you. A minimum balance may be required for founding your DAF.

Benefits of a Donor Advised Fund

  • Tax deduction for the year the fund is founded
  • Assets grow tax free
  • Obtain a charitable income tax deduction in the year of your gift
  • A legacy for your family
  • A great way for families to decide on charitable gifts, together
  • DAFs can be inherited

Honor the LORD with your wealth, with first fruits of all your produce; Then will your barns be filled with plenty, with new wine your vats will overflow.

Proverbs 3:9-10

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