Donor advised funds (DAF)
A donor-advised fund (DAF) is a centralized charitable account that enables charitably-inclined individuals, families, and businesses to make tax-deductible charitable donations of cash, publicly-traded stock, and in some cases certain illiquid assets to a public charity that sponsors a DAF program. These types of accounts have become very popular and offer a number of tax and planning benefits.
How does it work?
- Establish your DAF by making an irrevocable, tax deductible donation to a public charity that sponsors a DAF program. You will have the ability to advise on investment allocation and charitable distributions. Investment growth is tax free.
- Recommend charitable distributions in the form of grants to the IEEE Foundation and make arrangements for account distribution upon your passing.
- If you are with Fidelity Charitable, Schwab Charitable, Greater Kansas City CF, or BNY Mellon you can recommend a grant to the IEEE Foundation using DAF Direct. The designation field allows you to indicate if your gift is in honor/memory of someone or if it is for general/program support. This is not a required field.
- If your DAF is not listed, please contact the host of your DAF directly to recommend a grant.
For more information, or to hold a confidential discussion, please contact:
Rich Allen
Senior Campaigns Manager
IEEE Foundation
445 Hoes Lane
Piscataway, NJ 08854, U.S.A.
Phone: +1 732 465 5871
e-mail: Richard.Allen@ieee.org
Legal NameIEEE Foundation, Incorporated
Employer Identification Number (EIN):
23-7310664.