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Donor advised funds (DAF)

A donor-advised fund (DAF) is a centralized charitable account. It allows charitably-inclined individual, 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.

How does it work?

  1. Establish your DAF by making an irrevocable, tax deductible donation to a public charity that sponsors a DAF program. Any investment growth is tax free.
  2. Advise the investment allocation of the donated assets.Recommend grants to the charities you support, with the option of being recognized or remain anonymous.
  3. 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.
  4. If your DAF is not listed, please contact the host of your DAF directly to recommend a grant.
DAF Direct


The Employer Identification Number (EIN) for the IEEE Foundation is: 23-7310664. 

If you have any questions, please reach out to Richard Allen at the IEEE Foundation at +1 732-465-5871 or Richard.Allen@ieee.org.

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IEEE Foundation

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