Donor Advised Funds

What is a Donor-Advised Fund?

A donor-advised fund, or 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 a donor-advised fund, you are generally eligible to take an immediate tax deduction. Then those funds can be invested for tax-free growth, and you can recommend donations to charities of your choice over time.  

Donor-advised funds are the fastest-growing charitable giving vehicle because they are the easiest, and most tax-savvy way to give to charities like Cincinnati Public Radio. 

How does a donor-advised fund work?

  1. To establish the fund, an individual makes an irrevocable tax-deductible contribution (cash, stock, real estate, etc.) to a sponsoring organization, community foundation or financial institution. Individuals receive a tax receipt and tax benefits when funds are deposited into their DAF.
  2. The DAF sponsoring organization oversees those funds as they grow tax free. 
  3. The assets within the fund now legally belong to the sponsoring organization but the DAF account holder retains advisory privileges over disbursements made from the DAF in addition to the investment strategy.
  4. DAF account holders can recommend single or recurring donations to charitable organizations. Funds in a DAF can only be used to support organizations that are tax-exempt 501(c)(3) and classified as public charities under 509(a). 
  5. Once the DAF sponsoring organization approves, the recommended donation is made to a qualified charitable organization, such as Cincinnati Public Radio. 

What are the benefits of giving through a donor-advised fund?

 

  • Support a charity you believe in through strategic giving, over time. 
  • Maintain family involvement in charitable decisions. 
  • Create a legacy. 
  • Take advantage of immediate tax benefits with the ability to distribute funds later. 
  • Consolidate all your charitable giving. 
  • Ensure that you meet and/or exceed standard deductions by combining donations of stock to a DAF. 

When you are ready to make gift through a Donor-Advised fund:

 If you want to make a qualifying transfer, contact your fund administrator, and instruct that person to make a donation directly to Cincinnati Public Radio. 

Here’s the information you will need: 

  • Legal Name: Cincinnati Public Radio, Inc. (dba WGUC; WVXU; WMUB) 
  • Tax I.D. Number: 31-1410636 
  • Incorporated In: Cincinnati, Ohio 
  • Mailing Address: 2117 Dana Ave, Cincinnati, OH 45207

If you have questions about making a gift through a donor-advised fund, please contact our Director of Major & Planned Gifts, Conrad Thiede. You can reach him at 513-419-7116 or cthiede@cinradio.org. 

This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, investment, or accounting advice. Please consult your own tax, investment, and accounting advisors before engaging in any transaction.