The Benefits of Giving Through A Donor Advised Fund

When you give a planned gift this year, you are accomplishing two important goals:

Through PAWS social services, you are providing local pet owners financial assistance when facing unexpected and expensive veterinary bills. Through our shelter, you are helping local homeless pets find safety, compassion, and the chance to heal—before finding a loving home.

You are reducing your taxes with deductible charitable gifts.

Donor Advised Fund

A donor-advised fund, or DAF, is like a charitable investment account for the sole purpose of supporting charitable organizations you care about.

When you contribute cash, securities, or other assets to a donor-advised fund at a public charity, you are generally eligible to take an immediate tax deduction. Then those funds can be invested for tax-free growth, and you can recommend grants to any eligible IRS-qualified public charity. Donor-advised funds are the fastest-growing charitable giving vehicle in the United States because they are one of the easiest and most tax-advantageous ways to give to charity.

Required Minimum Distribution 70½, is age the Internal Revenue Service lists as the beginning of required minimum distributions, or RMDs. A required minimum distribution is simply a mandatory withdrawal that you must make annually from your retirement accounts, upon reaching the age of 70½. An RMD is required for an individual retirement account, SIMPLE IRA, SEP IRA or a 401(k) plan.

Talk to your financial advisor about the details for both these options. Your gift will change lives.