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When you give, you want your charitable donations to be as effective as possible. A donor-advised fund (DAF) is like a charitable investment account, for the sole purpose of supporting charitable organizations you care about.
When you contribute cash, securities or other assets to HonorHealth Foundation, you are generally eligible to take an immediate tax deduction. Additionally, DAF funds can be invested for tax-free growth to achieve your philanthropic goals.
How a donor-advised fund works...
Make a tax-deductible donation
Donate cash, stocks or non-publicly traded assets such as private business interests, cryptocurrency and private company stock to be eligible for an immediate tax deduction. A contribution to a donor-advised fund is an irrevocable commitment to charity; the funds cannot be returned to the donor or any other individual or used for any purpose other than grantmaking to charities.
Grow your donation, tax-free
Contributions in your DAF can potentially grow, making available even more money for charities. HonorHealth Foundation has a variety of funds from which you can recommend a giving strategy for your charitable dollars.
Support HonorHealth Foundation, now or over time
You can support HonorHealth Foundation (or other IRS-qualified public charities) with grant recommendations from your donor-advised fund.