1. For memorials
Let donors know that they can turn their DAF into a sort of "memorial fund" to honor a late spouse, family member or friend.
2. For bequests
Supporters (especially those with no children) can designate your charity as beneficiary of a DAF.
3. For timed distributions of bequests
Suppose the donor wants to designate your charity as beneficiary but fears that your organization can't absorb a large sum of money all at one time. They can choose a percentage or specific dollar amount to be distributed over time (such as 5 or 10 years... or until the account reaches zero).
4. For giving appreciated stock
If a donor has stock with Fidelity, Schwab or Vanguard and they'd rather give it away than pay capital gains tax, they can simply move it into a DAF and then again to your charity— and it can be done easily in a matter of minutes online.
5. For teaching their kids about charity
Maybe your donors might want to name their children as successor advisors on their accounts to help them carry on the family tradition of philanthropy. Or they might want to create new accounts for them to manage on their own.
6. For building scale (and a sense of community) by forming "giving circles" with other DAF owners
Supporters might want to make a bigger impact by teaming up with other like-minded DAF owners. For instance, maybe a school needs money to kick-start funding for renovations of a beloved social hall that many alumni remember fondly. Helping them collaborate on the gift using their DAFs might be a great way to get the job done and allow donors to enjoy a sense of community while reaching a shared goal.
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