A donor advised fund (DAF) is a vehicle for making your charitable donation. In a windfall year, your taxable income spikes, often pushing you into a higher tax bracket. Contributions to a DAF are tax deductible in the year you fund it. DAF’s give you:
- Tax savings now that allow you to spend your giving over multiple years;
- Ability to convert appreciated assets, such as stock, into charitable giving;
- Tax free growth on your investment.
Contact the Catholic Foundation of North Georgia to learn more 404-497-9440 CFNGA.org