{"id":7502,"date":"2024-09-25T08:25:21","date_gmt":"2024-09-25T13:25:21","guid":{"rendered":"https:\/\/peaceeconomyproject.org\/wordpress\/?p=7502"},"modified":"2024-09-25T08:25:24","modified_gmt":"2024-09-25T13:25:24","slug":"support-peace-economy-project-through-a-donor-advised-fund-daf","status":"publish","type":"post","link":"https:\/\/peaceeconomyproject.org\/wordpress\/support-peace-economy-project-through-a-donor-advised-fund-daf\/","title":{"rendered":"Support Peace Economy Project through a Donor-Advised Fund (DAF)"},"content":{"rendered":"\n

A Donor-Advised Fund (DAF)<\/strong> is a charitable giving vehicle that allows donors to make a tax-deductible donation, invest the funds, and recommend grants to their favorite nonprofits over time. DAFs offer a flexible and tax-efficient way to support causes you care about, including the Peace Economy Project\u2019s mission to redirect military spending towards human and social needs.<\/p>\n\n\n\n

What is a DAF?<\/strong><\/p>\n\n\n\n

A Donor-Advised Fund (DAF) operates like a personal charitable savings account. You donate to the fund, receive an immediate tax deduction, and then recommend grants to support organizations such as the Peace Economy Project whenever you\u2019re ready. Contributions can grow tax-free, allowing you to give more to the causes that matter most.<\/p>\n\n\n\n

How to Open a DAF<\/strong><\/p>\n\n\n\n

    \n
  1. Choose a Sponsoring Organization:<\/strong> You can open a DAF through financial institutions like Fidelity Charitable<\/a>, Schwab Charitable<\/a>, through the DAF Day site<\/a> or community foundations.<\/li>\n\n\n\n
  2. Make a Donation: <\/strong>Contribute cash, stock, or other assets to your DAF and receive an immediate tax deduction.<\/li>\n\n\n\n
  3. Invest and Grow: <\/strong>The assets in your DAF can be invested, growing tax-free over time.<\/li>\n\n\n\n
  4. Recommend Grants: <\/strong>Once you\u2019re ready, you can recommend grants to organizations such as the Peace Economy Project.<\/li>\n<\/ol>\n\n\n\n

    Example of How a DAF Works<\/strong><\/p>\n\n\n\n