Donor Advised Funds
Funding mental health research now is crucial to insure the success of future scientific breakthroughs. Donors are stepping up to support the efforts of the scientific community as they develop new treatments, cures and methods of prevention for mental illness. A charitable fund being held in a Donor Advised Fund has the potential to help BBRF more quickly accelerate scientific discovery and get there together.
A Donor Advised Fund, or DAF, is an organized way for donors to make charitable gifts. A DAF is often established at a tax-exempt organization such as a Community Foundation that manages charitable giving on your behalf and allows the donor to recommend grants to charitable organizations, such as BBRF. The donor then receives an immediate tax benefit and can recommend distribution of a grant from the fund to a qualified charity. National organizations such as Fidelity Charitable, Vanguard Charitable and Charles Schwab Charitable, among others, can manage and administer DAFs.
As the advisor to your fund, you can recommend a grant be made to BBRF, a tax-exempt 501(c)(3) nonprofit organization.
Our EIN is 31-1020010.
How Does a DAF Work?
- You make an irrevocable contribution of cash or other assets to your fund (you may choose to be recognized or remain anonymous)
- You immediately receive the maximum tax deduction that the IRS allows at the time of your contribution (this can be a tax-efficient strategy to charitable giving)
- Your contribution is placed into an account where it can be invested and grow tax-free
- You can then recommend grants from your account to a qualified charity such as BBRF
For more info about making a DAF gift to BBRF, please call 646.681.4889 or development@bbrfoundation.org.
