How Do I Set Up a Donor-Advised Fund?

You can establish a Donor-Advised Fund (DAF) through a sponsoring organization, which can be a community foundation, a financial institution like Fidelity Charitable, Schwab Charitable, or Vanguard Charitable, or in some cases through a university or faith-based foundation. Once your DAF is created, you make an initial contribution of cash, stock, or other assets. That contribution is eligible for an immediate tax deduction, and you can then recommend grants to The Village Family Services over time.

Can Anyone Open a DAF?

Yes. Anyone can establish a DAF, though sponsoring organizations may require a minimum opening contribution (often between $5,000 and $25,000, depending on the institution). After it’s set up, you can add to your fund whenever you like and recommend grants of any size, subject to the rules of the sponsoring organization.

What's Next?

Current clients of Fidelity Charitable, Schwab Charitable, Vanguard Charitable and others can make a designation using this link. You can also reach out to the advisor of your Donor Advised Fund to request a donation supporting The Village Family Services.

Please include your name and any acknowledgment or restriction requests you may have for your donation, otherwise your donation will go to our area of greatest need. Our Federal Tax ID number (or EIN) is 95-4625826.