Donor Advised Funds
Your generosity supports the programs that change lives in Murfreesboro and surrounding areas!
Give from Your Donor Advised Funds
A donor-advised fund (DAF) is a type of giving program administered by a third party that allows you to combine the most favorable tax benefits with the flexibility to easily support your favorite charities.
It is created for the purpose of managing charitable donations on behalf of an organization, family or individual. DAFs are an excellent way to both simplify your charitable giving and facilitate your strategic philanthropic goals.
DAFs allow donors to make gifts of cash, stock and other assets to the DAF. The donor receives an immediate tax deduction when the contribution is made. However, distributions from the DAF are not required immediately. Donors may take time to discern and select grants of specified amounts to the charities of their choice before advising their DAF administrator to make a gift to their charity.
3 Easy Steps to Using Your DAF to Support The Salvation Army
First, you must have an account set up with a charitable organization that supports Donor Advised Funds such as Fidelity Charitable or Bank New York Mellon (BNY Mellon).
Second, you must advise how your funds are to be invested with your chosen DAF-supporting organization. For gifts to come to us, make sure you designate The Salvation Army in Murfreesboro, TN as where you want the gift to be used.
Finally, you direct your DAF Administrator to make the gift to The Salvation Army (EIN: 580660607)
