A donor-advised fund (DAF) is an account offered by a sponsoring organization (often a community foundation) that accepts a donor’s gifts and then makes charitable donations according to the donor’s directions. While your gift to a DAF is immediately deductible for federal income-tax purposes, your distributions to charities can be parceled over time. There is no additional income-tax deduction when a distribution is made from the DAF because a deduction was obtained for the original transfer to the DAF.
To make a donation using your donor-advised fund, please make your grant recommendation for your donation to the University of Wisconsin Foundation to your fund administrator. Please remember, donations from your DAF cannot have any benefit to you in return for the DAF gift. A letter will be sent to you by the UW Foundation acknowledging the donation you initiated through your DAF.
You can notify the UW Foundation of your intention to make a donor-advised fund donation via the notification form. For gifts to our Fill the Hill annual fundraiser, use the Fill the Hill IRA/DAF form instead, so that your gift will count towards the fundraising event (and your flamingo totals). Please note that using the regular IRA/DAF form will not count towards flamingos or Fill the Hill totals.
Please contact us to see how we can help you achieve your charitable objectives.