A Donor Advised Fund is an account that you set up, which is like a charitable savings account, but which is managed by a nonprofit organization. You contribute to the account and it grows tax-free. You can recommend, but not direct, how much (and how often) you want to distribute money from that fund to the Dominican Friars Foundation or other charities over time. In return, you qualify for a federal income tax charitable deduction at the time you contribute to the account.
Here’s how it works:
- Place 2-3 years of giving into your Donor Advised Fund to help you meet the threshold for itemizing on your taxes this year.
- Receive the tax deduction this year and then give to the Dominican Friars Foundation and your favorite charities over the next 2-3 years.
- Take the standard deduction in the following tax years.
What Impact Can a Gift From Your Donor Advised Funds Have?
Your Donor Advised Fund provides an easy, flexible, low-cost method of giving which is a concrete participation in our shared mission to renew the culture through the faithful preaching of the Gospel to current and future generations. These gifts have been an essential part of the lasting change you help us to make in the lives of all those who will be brought into an encounter with the Living God and his saving Truth.
Recommend a Grant Now
During these difficult times, many supporters are making gifts from their Donor Advised Funds as a way to continue supporting their favorite charities without straining their own finances. There is no cost to making a grant. You will be helping the Friars to restore virtue and morality and to build up a culture of life for generations to come. Simply contact your fund provider and recommend a grant to the Dominican Friars Foundation.
Create Your Legacy of Charitable Giving
Designate Remaining Funds After Your Lifetime
Name the Friars as beneficiaries to ensure that our shared mission of restoring Gospel values continues for generations to come. You simply name the Dominican Friars Foundation as a beneficiary or successor of your account, or a portion of it, to continue your support. You can designate that the Friars receive just a portion of the account value, leaving the remaining portion for your heirs. You can designate the final distribution of contributions remaining in your DAF after your lifetime when you create or update your fund.
If you choose to do so, please use the following legal name and tax identification to identify the Dominican Foundation:
The Dominican Foundation Tax ID: 26-3273636
The Dominican Foundation Legal Name: Dominican Foundation of Dominican Friars, Province of St. Joseph, Inc. (A New York Corporation)
Let us know!
If you decide to add us as a beneficiary designation, would you let us know? We would like to recognize you for your generosity and ensure that your gift is used as you intend.
Please don’t hesitate to get in touch if you have any questions about setting up your legacy gift or if you need more information.
If you have any questions about donating through your Donor Advised Fund, please email our Planned Giving Office at PlannedGiving@dominicanfriars.org or call 646-350-0108.