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A DAF is not promising to give in the future: the shares are given immediately to a charity and must be donated at a certain minimum rate to other recipient cha
by wbl 3y ago
A DAF is not promising to give in the future: the shares are given immediately to a charity and must be donated at a certain minimum rate to other recipient charities.
A DAF has the same tax status as a charitable foundation you create but without the organizational overhead or potential abuses.
- somsak2 3y agoHave you used a DAF before? Shares actually do not have to be given to a specific charity when using one, at least not what most people would consider a "charity" when they use it colloquially -- this first charity is there mostly for bookkeeping. You are correct that DAF contributions are considered charitable donations in the year they are made, however.
- wbl 3y agoThe DAF is run by a 503c3 which owns them. I advise but they can decide to use it how they want.