DAF Myths Facts

Jan 20, 2017Download as PPTX, PDF1 like104 views

This document addresses common myths about donor advised funds (DAFs) and provides facts to counter each myth. It discusses that donors, not vehicles, should be the focus when fundraising. It notes that while DAF sponsors do not share donor contact information, relevant donor data can be found. It clarifies that DAF grants can go to any qualified nonprofit and donors can sign agreements. Finally, it notes that deferred gifts ensuring a charitable legacy are possible through researching individual DAF policies.

DAF Myths & Facts
Ellen Israelson
VP of Philanthropic Services & CMO,
Jewish Communal Fund

An effective fundraising
strategy is to solicit donors
based on the tax vehicle
they use, such as Private
Foundations, Trusts and
donor advised funds (DAFs).
2
Myth #1:

Fact #1:
Remember that People give to
People. You need to reach out
to the individual, not the
vehicle. Use major gifts
campaign strategies/tools.
3

DAFs never release the
identity or contact
information of their donors.
4
Myth #2:

Fact #2:
Create records for the fund
holder and capture all of the
donor information provided
by the DAF. Look at the DAF’s
Annual Report.
5

Fund holders give up
significant control as to
where grants are directed, and
the DAF sponsor promotes
charities it favors.
6
Myth #3:

Fact #3:
DAFs may issue grants to any
qualified 501(c)(3) Public
Charity. A grant may not be
made if there is an exchange of
goods and services.
7

DAF fund holders cannot
sign gift agreements.
8
Myth #4:

Fact #4:
The DAF sponsor will work
with you to create an
agreement that works for the
charity, protects the donor, and
meets the legal requirements.
9

DAFS cannot continue your
charitable legacy because
the sponsor, not your heirs or
your favorite charity, takes the
residual assets in the fund.
10
Myth #5:

Fact #5:
Research the policies of the
DAF used by your donor, and
reach out to the staff re: how
to execute a deferred gift to
your charity.
11

Questions
For more information, please contact
Ellen Israelson,
VP of Philanthropic Services & CMO
at (212) 752-8277 or ellen@jcfny.org.
Visit our website at jcfny.org.
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DAF Myths Facts

1. DAF Myths & Facts Ellen Israelson VP of Philanthropic Services & CMO, Jewish Communal Fund

2. An effective fundraising strategy is to solicit donors based on the tax vehicle they use, such as Private Foundations, Trusts and donor advised funds (DAFs). 2 Myth #1:

3. Fact #1: Remember that People give to People. You need to reach out to the individual, not the vehicle. Use major gifts campaign strategies/tools. 3

4. DAFs never release the identity or contact information of their donors. 4 Myth #2:

5. Fact #2: Create records for the fund holder and capture all of the donor information provided by the DAF. Look at the DAF’s Annual Report. 5

6. Fund holders give up significant control as to where grants are directed, and the DAF sponsor promotes charities it favors. 6 Myth #3:

7. Fact #3: DAFs may issue grants to any qualified 501(c)(3) Public Charity. A grant may not be made if there is an exchange of goods and services. 7

8. DAF fund holders cannot sign gift agreements. 8 Myth #4:

9. Fact #4: The DAF sponsor will work with you to create an agreement that works for the charity, protects the donor, and meets the legal requirements. 9

10. DAFS cannot continue your charitable legacy because the sponsor, not your heirs or your favorite charity, takes the residual assets in the fund. 10 Myth #5:

11. Fact #5: Research the policies of the DAF used by your donor, and reach out to the staff re: how to execute a deferred gift to your charity. 11

12. Questions For more information, please contact Ellen Israelson, VP of Philanthropic Services & CMO at (212) 752-8277 or ellen@jcfny.org. Visit our website at jcfny.org. 12

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