If you are looking for a flexible, convenient and cost-effective way to support the causes you care about in Arkansas, you may want to consider creating a donor advised fund (DAF) at Arkansas Community Foundation.
A DAF is a charitable giving account that allows you to make tax-deductible donations of cash, stock or other assets, and then recommend grants to your favorite nonprofits over time. You can also involve your family members or other advisors in your grantmaking decisions.
By creating a DAF with Arkansas Community Foundation, you can enjoy the following benefits:
- Expertise and experience: The Foundation staff can help you facilitate your giving, provide personalized giving services, and offer insights into the needs and opportunities in your community. You can also access the Arkansas Nonprofit Directory powered through GuideStar by Candid, where you can learn more about local charities and become familiar with new organizations.
- Flexibility and convenience: You can make donations to your DAF at any time and recommend grants to any IRS-qualified public charity at your own pace. You can also donate various types of assets, such as cash, stock, real estate or business interests. The Foundation will handle all the administrative tasks, such as recordkeeping, due diligence and reporting.
- Cost-effectiveness: A DAF operates much like a private foundation, but without the expense and tax-reporting requirements. You can also choose how to structure your DAF as a charitable distribution fund, a quasi endowment or a permanent endowment, depending on your goals and preferences.
- Impact and legacy: You can support the causes that matter most to you and make a difference in your community. You can also name successor advisors to continue your giving after your lifetime, or designate the Foundation or its affiliates as the beneficiary of your DAF.
To learn more about creating a DAF with Arkansas Community Foundation, you can contact their development staff or visit their website. You can also explore Aspire Arkansas, an interactive online report that provides data and information on the quality of life in each county of the state.
Creating a DAF with Arkansas Community Foundation is a smart way to give where it matters most. You can create positive change in your community with the help of the Foundation’s resources and expertise.
Let us help! Contact our Development team to get started today.