A Donor Advised Fund(DAF) is an excellent choice for anyone who wants to simplify their giving and have the versatility to give whenever their heart feels inclined. To fund a DAF, you make an initial, irrevocable gift of cash or appreciated stocks, real estate or other securities. The assets will continue to grow tax-free.
Once the account is funded, you can make grant recommendations monthly, quarterly, semi-annually or annually to the charity or charities of your choice. For example, you can recommend that the grant be used to support The Orange Catholic Foundation and direct your gift to your parish, a Catholic school or other Catholic ministry.
Click here to view more information about Donor Advised Funds.