Donor Advised Funds and Second Harvest

by | Nov 1, 2022 | Community

Are you passionate about a future with No Waste and No Hunger? In recent years, donors like you have turned to Donor Advised Funds to make giving to charities you care about easier, and more manageable! 

Donor Advised Funds are like charitable investment accounts for the sole purpose of supporting charitable organizations you care about, and still allow you to benefit from immediate tax savings for the full value of your donation. They allow you to make a charitable contribution and then recommend grants from the fund over time. Donors can contribute to their DAF frequently through the year and recommend grants to their favorite charitable organizations whenever it suits their giving interests.

Working with your financial institution or Community Foundation you can set up your DAF with an investment of $10,000 in some cases. They offer the same funding choices as setting up your own private foundation, but with lower administrative costs and far greater flexibility.

You can contribute to your fund using a broad range of assets, including cash, publicly traded securities, mutual funds, real estate, and stocks. This can make supporting the causes that mean a lot to you even easier, as some non-profits don’t have the capacity to accept complex assets, but they’ll have no trouble accepting grants from your fund.

Giving to Second Harvest through a DAF offers a number of advantages, including the flexibility to give throughout the year. Our relationships with many community foundations and wealth management firms also offers a way for them to have an immediate impact on the food insecurity crisis in Canada through an organization they know is using their donations for the intended purpose. Working with the donors or their representatives, the team at Second Harvest can ensure that a prospective gift is tailored directly to the donor’s philanthropic priorities and that they receive fully detailed reports on the impact their gift has had.

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