People love their donor-advised funds for their flexibility and convenience. Plus, they can help you send more money to the causes you care about (like Habitat for Humanity!) while paying fewer taxes.
Donor-Advised Funds are administered by a third party, like the Winona Community Foundation, and allow you to give cash, stock, and other assets with an immediate tax deduction and grant-specified amounts to charities of your choice at a later time.
How It Works
Establish your Fund by making an irrevocable, tax-deductible donation to a public charity that sponsors a Donor Advised Fund program like the Winona Community Foundation
Recommend grants to qualified public charities of your choice
Advantages of Donor Advised Funds
Donor-advised funds provide a number of benefits that direct donations to a charity may not, such as:
Simplicity – The Fund sponsor handles record-keeping, disbursements, and tax receipts
Flexibility – The timing of your tax deduction can be separate from your charitable decision making
Tax-efficiency – Contributions are tax-deductible and any investment growth in your fund is tax-free. It is also easy to donate long term appreciated securities, eliminating capital gains taxes and allowing you to support multiple charities from one block of stock
Family legacy – Your fund is a powerful way to build or continue a tradition of family philanthropy
Privacy if desired – You may choose to remain anonymous to the grant recipient
To learn more about making a gift to Habitat for Humanity using a donor-advised fund, please contact us at director@habitatwinona.org.
Thank you so much for helping us build a world where everyone has a decent place to live.
