A Donor Advised Fund (DAF) is like a charitable investment account for the sole purpose of supporting the charitable organizations you care about. DAFs are the fastest-growing charitable giving vehicle in the U.S. because they're one of the easiest and most tax-advantageous ways to give to charity.
Make a tax-deductible donation. You establish a DAF by contributing cash, stock or other non-cash assets to a DAF sponsor such as Fidelity, Schwab, Vanguard or a local community foundation and receive an immediate income tax deduction.
Grow your donation tax-free. While you’re deciding which charities to support, your donation can potentially grow, making available even more money for charities.
Support charities you love, now or over time. You can support virtually any IRS-qualified charity with grant recommendations from the DAF at a pace that's comfortable for you
For assistance with planning a gift that will benefit Catholic Charities now or in the future, please contact info@ccpaterson.org or call 973-737-2077.
Thank you for all you do for those most in need.