Donor Advised Funds

If you have a donor advised fund with Fidelity Charitable, Schwab Charitable or BNY Mellon, you can use the DAF Direct tool below to recommend a grant from your fund to Trident United Way. If you have a donor advised fund with another organization, such as Vanguard Charitable, TIAA Charitable or your local community foundation, please contact them directly to recommend your grant to Trident United Way.

To use a donor advised fund, you will need the following information:

Legal Name: Trident United Way

Location: Charleston, SC

Federal Tax ID Number: 57-0314378

If you have any questions or would like more information, please contact Kristen Gandy, Director of Advancement, at kgandy@tuw.org or 843-740-7748, or Bridget Bush, CFO, at bbush@tuw.org or 843-740-7746.

 

 

WHAT IS A DONOR ADVISED FUND?

A donor advised fund is like a charitable investment account, for the sole purpose of supporting charitable organizations you care about. When you contribute cash, securities or other assets to a donor advised fund at a public charity you are generally eligible to take an immediate tax deduction. Then those funds can be invested for tax-free growth and you can recommend grants to virtually any IRS-qualified public charity.

When you give, you want your charitable donations to be as effective as possible. 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. 

 

HOW DOES A DONOR ADVISED FUND WORK?

Make a tax-deductible donation

Donate cash, stocks or non-publicly traded assets such as real estate, private business interests and private company stock and get your tax receipt. You’ll also be eligible for an immediate tax deduction.

Grow your donation, tax-free

While you're deciding which charities to support, your donation can potentially grow based on your investment preferences, making available even more money for charities.

Support charities you love, now or over time

You can support virtually any IRS-qualified public charity with money in the donor advised fund. The public charity sponsoring your account will conduct due diligence to ensure the funds granted out will be used for charitable purposes and the grantee is an IRS-qualified public charity.

 

WHAT ARE THE TAX BENEFITS OF A DONOR ADVISED FUND?

As soon as you make a donation to the fund, you are eligible for an immediate tax deduction, just as you would by donating to another public charity. Your tax deduction may depend on the type of donation. Donating long-term appreciated securities (held more than one year) potentially allows you to maximize capital gains tax advantages, which could help you reduce taxes and ultimately give more to charity. If you have long-term appreciated assets, such as stocks, bonds or real estate, you have an opportunity to further maximize your deduction. By donating these types of assets directly to charity, you generally won't have to pay capital gains, and you can take an income tax deduction in the amount of the full fair-market value, up to 30% of your adjusted gross income (AGI).