Giving to charity is a way to both support specific causes and foster a sense of community. And, donating through Donor-Advised Funds or DAFs provides further benefit in the form of tax deductions.
Many First Nations’ supporters give through Donor-Advised Funds, because they offer more freedom than only giving through cash or credit card. Donor-Advised Funds also allow donors to control the pace of their giving and change amounts at any time.
Many First Nations’ supporters also appreciate the ability to support multiple Native American organizations at one time, in addition to First Nations.
Donor-Advised Funds appeal to individuals who:
Seek more time, beyond December 31st every year, to make decisions about where they would like to give
Are planning for retirement or preparing their wills and want to more intentional about charitable giving
Currently give to several charities and wish to consolidate giving for easier tax filing and record-keeping
How to set up a Donor-Advised Fund
Donor-Advised Funds are set up by first completing an application through a community foundation or a financial service company, such as Fidelity Charitable.
Each provider will have different minimum initial contribution amounts, fees, and interfaces for choosing selected IRS-recognized charities. Each will also have options to be recognized for gifts, remain anonymous, or give in honor or in memory of a loved one.
In filling out the application, donors are typically asked for their contact information, date of birth, and social security number. The EIN of the selected charity may need to be provided.