Create Your Own Donor Advised Fund
A Donor Advised Fund (DAF) at The Ocean Foundation offers you an easy way both to develop your philanthropic plan and to manage your legacy. A DAF offers you a number of important benefits:
- create a charitable legacy for you or your family
- establish and name your own fund quickly and easily ("The Smith Fund")
- recommend the recipients for your fund's grants
- remove year-end giving pressure while receiving an immediate tax deduction
- contribute cash, securities, real estate, and/or other assets
- donate anonymously if desired
- and most importantly, help save the planet's oceans.
A DAF has many tax and operational
advantages over its two main alternatives:
giving directly to charities and creating a
private foundation.
Donors have the opportunity to take
immediate tax advantages, acquire expert
advice, and advise TOF on the regranting of
those funds over time. Particularly
for donors with a passion for the oceans and
less than $5 million to spend in
their support, creating a DAF can be the
perfect solution.
A
DAF Consists Of Three Different
Functions:
Fund Investment - Your donated funds are managed by TOF’s financial services partner (or your own advisor if you wish and your DAF is over $1 million).
Administration - TOF manages the processing of grants, contributions, due diligence, tax filings, etc. A TOF DAF offers the additional advantage of putting administrative fees to work on behalf of ocean conservation, as these fees help to support TOF’s work with grantees, advisors, and the community of those concerned with the oceans.
If you are interested in creating
your own Donor Advised Fund, please contact TOF
President Mark J. Spalding at either mspalding@oceanfdn.org
or at
202-887-8992.