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Give From Your Donor-Advised Fund:

A simple and seamless way to support homeless youth

Covenant House youth in need smiling with dove background

What is a Donor-Advised Fund?

A donor-advised fund (DAF) is an investment account designed for charitable giving.

With a DAF, you choose how much you give, how often, and what type of asset to give from. You can give any amount of cash, stock, funds, or real estate (you can even recommend grants) to Covenant House, all on a schedule that works for you.

It is an easy way to keep track of your giving, and you’ll receive an immediate tax deduction.

What are the benefits of giving through a DAF?

There are many benefits to giving through a DAF:

  • You’ll receive one receipt at year end
  • Funds invested have the potential to grow tax-free
  • You’ll receive an immediate tax deduction
  • Assets are easily managed to help with your financial goals

To make a donation from your donor-advised fund, follow these simple steps to make your gift right here, right now.

A DAF Giving Scenario

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 Covenant House (which they’ve supported for years) and a local animal shelter. The foundation presents the charities with checks from the Patricia Fund, which Joe and Laura named in honor of Laura’s mother. They name Covenant House as the beneficiary to receive the account balance after their lifetimes. Joe and Laura are delighted to start this personal legacy of giving.

Donor-Advised Funds Frequently Asked Questions