Historic Newton relies on the support of people like you who care about preserving and exploring Newton’s history. Please support our work!

• Become a Member
• Make a Donation

Did you know that you can make a donation to Historic Newton through your donor advised fund?

What is a donor-advised fund?
A donor-advised fund (DAF) is a type of giving program that allows you to combine the most favorable tax benefits with the flexibility to easily support your favorite charities. An increasingly popular charitable vehicle, DAFs are an excellent way to both simplify your charitable giving and facilitate yourvstrategic philanthropic goals.

How does it work?

•  Establish your DAF by making an irrevocable, tax-deductible donation to a public charity that sponsors a DAF program
• Advise the investment allocation of the donated assets (any investment growth is tax-free)
• Recommend grants to qualified public charities of your choice

What are the main advantages of a donor-advised fund?

1.  Simplicity – The DAF sponsor handles all record-keeping, disbursements, and tax receipts.
2. Flexibility – Timing of your tax deduction can be separate from your charitable decision making.
3. 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.
4. Family legacy – A DAF is a powerful way to build or continue a tradition of family philanthropy.
5. 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). 
6. Privacy if desired – Donors may choose to remain anonymous to the grant recipient.

Did you know. . .

• Over 2.5 million DAF accounts now exist in the U.S. Donations to DAFs now account for 10% of charitable giving. 
• DAFs have been around since 1931, but have recently grown in popularity over the past few years.
• DAFs are not only for the very wealthy! With so many organizations offering DAFs, there are different levels of entry for each, some even with no minimum contributions to start. Popular DAF providers are Fidelity Charitable, Schwab, CJP, and The Boston Foundation. 

Historic Newton does not provide tax, legal or accounting advice. This material is for informational purposes only.