Donor Advised Funds

If you have a Donor Advised Fund (DAF), making gifts to the Peconic Land Trust is fast and easy.

Donating appreciated, noncash assets through your DAF can be a tax-wise way to support the Trust while eliminating capital gains taxes.

You can also become a Peconic Partner by donating monthly through your DAF.

Contact your DAF representative for more information.

What is a donor advised fund (DAF)?

A Donor Advised Fund (DAF) is a philanthropic vehicle established at a community foundation, mutual fund company, or brokerage firm, which allows you to pool your money in one place and decide where to donate it later.

By establishing a DAF, donors can make a charitable contribution, receive an immediate tax benefit, and recommend grants from the fund over time.

DAFs are the most popular and fastest growing charitable giving vehicle.

How does it work?

• You make an irrevocable contribution to the DAF, and immediately receive the maximum tax deduction that the IRS has to offer.
• Your contribution is placed in the account, where it can continue to be invested and grow tax free.
• At any time afterward, you can recommend grants from your account to qualified charities.

What are the main advantages of a donor advised fund?

• Simplicity: The DAF sponsor handles all record-keeping, disbursements, and tax receipts.
• Flexibility: Timing of your tax deduction can be separate from your charitable decision making.
• Tax-efficiency: Contributions are tax-deductible and any investment growth in the DAF is tax-free. It is also easy to donate long term appreciated securities, eliminating capital gains taxes and allowing you to support multiple charities from one block of stock
• Family legacy: A DAF is a powerful way to build or continue a tradition of family philanthropy.
• No start-up costs: There is no cost to establish a donor-advised fund. However, there are often minimum initial charitable contributions to establish the DAF (typically $5,000 or more).**
• No transaction fees: Once approved, 100% of your recommended grant goes to your qualified public charity of choice.**
• Privacy if desired: Donors may choose to remain anonymous to the grant recipient.

**Sponsoring organizations generally assess an administrative fee on the assets in a DAF. These fees vary by sponsoring organization.

To learn more or to make a gift, please contact Amanda Abraham by email or by calling 631-283-3195.