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Fiesta LaAmistad - Celebrating Atlanta Heroes - 9/23/22

Celebramos Juntos!!!!


"A festive evening of dinner, dancing, and celebrating Atlanta Heroes"
 

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Donor Advised Funds Donations for Events

A donor-advised fund, or DAF, is a philanthropic vehicle established at a public charity. It allows a donor to make a charitable contribution to that public charity and be eligible for an immediate tax deduction, then recommends grants to qualified charitable organizations over time.

Since the initial contribution to the DAF is eligible for tax deduction, the donor cannot receive any goods or services. Event tickets and sponsorships are not eligible for DAF donations because they contain benefits that are not tax-deductible. Also, a DAF cannot be used to pay a personal pledge made by the donor. Donors who give through a private foundation, donor-advised fund, Benevity, and other similar organizations cannot receive any goods or services because the initial contribution is eligible for a tax deduction. Event tickets and sponsorships are not eligible for directed gifts outlined above because they contain benefits that are not tax-deductible. Many employers have moved to utilize third-party vendors, such as Benevity, to facilitate workplace giving and matching gift campaigns. Charitable giving through these vendors carries the same tax implications as donor-advised funds. If you have any questions about a donor-advised fund or one of these vendors, please contact Terri Tubbs at ttubbs@laamistadinc.org.

 

 

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