Donor Advised Funds

What is a DAF?

A Donor Advised Fund (DAF) is a charitable savings account that gives you the flexibility to recommend grants to Children's Specialized Hospital Foundation and other qualified charities. You can recommend one grant or recurring grants right now to make an immediate impact on children and families in your community or use your DAF as a tool for future charitable gifts.

You can also create a lasting legacy by naming Children's Specialized Hospital Foundation as the beneficiary of the entire account or a percentage of the fund. with a percentage, you can create a family legacy of giving by naming your loved ones as your successors to continue recommending grants to charitable organizations.

Contact your fund administrator for a beneficiary form.

An Example of How It Works

Joe and Laura want to give back to their hometown by putting their money where it will do the most good. They establish a $25,000 donor advised fund with a community foundation.

The couple receives a federal income tax charitable deduction for the amount of the gift. They also get the time they need to decide which charities to support.

After researching community needs with the foundation's staff, Joe and Laura recommend grants for Children's Specialized Hospital (which they've supported for years) and a local animal shelter. The foundation presents the charities with checks from the Brianna Fund, which Joe and Laura named in honor of their daughter.

They name Children's Specialized Hospital Foundation as the beneficiary to receive the account balance after their lifetimes. Joe and Laura are delighted to start this personal legacy of giving.