Cultivating a legacy that resonates through time.
Help build a stronger community by creating your own donor advised fund, or DAF.
These are specially designated funds intended to facilitate charitable giving. Donors receive an immediate tax benefit for their contributions, and these contributions are invested for tax-free growth until the donor is ready to recommend grants.
Funds can be established to create scholarship programs, grants to nonprofits, individual donations and more, as suited for your overall goals.
Unlike 401Ks or traditional IRAs, which are tax-deferred, donors are able to receive immediate tax benefit for their contributions. Donors can also contribute divestible assets directly, without having to pay tax on capital or unrealized gains.
As your local community foundation, our mission is to help guide you in supporting the causes closest to your heart. Our deep-rooted expertise in the local nonprofit landscape, as well as our partnership with more than 170 members of the NonProfit Business Council, allows us to connect you with causes that matter to you.
But we don’t stop there. We personalize your giving journey. Our team provides in-depth insights and arranges exclusive tours of nonprofits aligned with your passions. You’ll witness firsthand the incredible work being done in our community.
Starting a DAF is very simple. The minimum amount to open one is $5,000. To start, you only need to sign a fund agreement and send it with money or appreciated securities. We also make it easy to grant from your fund. You recommend a grant to a nonprofit and we handle the rest.
You also can designate who should take over the responsibility of recommending future grants and specify what types of charitable institutions or interests the community foundation should fund with your assets. This presents a unique opportunity for you to leave a legacy of giving for generations to come. Your vision, coupled with the flexibility and impact of a donor advised fund, has the potential to redefine the future of philanthropy. These funds can not only ignite an immediate impact, but also lay the foundation for enduring change, cultivating a legacy that resonates through time.
Together, we can drive positive change, uplift lives and create a legacy that resonates for years to come. Get started today! OS
For more information about creating a Donor Advised Fund, call the Community Foundation for Ocala/Marion County at (352) 622-5020 or visit ocalafoundation.org.
