How a Donor-Advised Fund Works

Increase your charitable giving impact with a TIAA Charitable donor-advised fund Learn how TIAA Charitable’s donor-advised fund, called the Giving Fund, is an easy and tax-smart way to make a bigger impact with your charitable giving and donations. T1MM38SS 2/1/2017 12:00:00 AM
Play Increase your charitable giving impact with a TIAA Charitable donor-advised fund Video

A Giving Fund is technically known as a DAF, or donor-advised fund; that’s the legal name for it.

It works like a personal fund dedicated to your charitable giving. Instead of writing multiple checks to individual charities, you put everything into one simple Giving Fund and may be eligible to get a tax deduction for the current year. Decide now or later on the charities you want your Giving Fund to support. While you decide, your contributions are invested with the potential to grow tax free to make a bigger impact.

Contribute to a Giving Fund

Open a Giving Fund, give it a name and put all your giving into one place. You can make contributions, all of which are irrevocable, of cash or appreciated securities (like stocks) whenever you like. You may even recommend a grant from an existing donor-advised fund.

  • check markOpen with a $5,000 minimum contribution
  • check markContribute a donor-advised fund from another organization
  • check markAdd to your Giving Fund with contributions of $250 or more at a time
  • check markContribute as often as you like

Get a Smarter Tax Deduction

When you contribute to your Giving Fund, your contribution is irrevocable and may be eligible for an immediate tax deduction for the current year. There is no need to immediately recommend grants. You can get the benefit of a tax deduction right away and decide later on the charity or cause you want to support.

  • check markNo capital gains taxes on long-term appreciated securities, like stocks
  • check markOne simple year-end statement (no sorting receipts)
  • check markConfirmation for each Giving Fund contribution provided for tax purposes

Grow Tax Free

While you’re deciding on the charities you want to support, use your Giving Fund to potentially grow your contributions into a more substantial gift for farther down the road. Your Giving Fund can last for multiple years. All growth is tax free.

  • check markUse our tools to make a giving plan
  • check markSet a target giving goal
  • check markRecommend an investment approach to potentially grow your contributions
  • check markKeep track of your Giving Fund online

Give to Charities

You can draw on your Giving Fund to support charities anytime you want—recommend grants of $50 and up. Choose your favorite charity or look for a new cause. We send out the checks and take care of all the paperwork.

  • check markRecommend grants to eligible charities in amounts of $50 or more
  • check markNo paperwork—we keep track of everything
  • check markTrack your grant history online at any time

Getting Started is Simple

Open your Giving Fund today and start making a bigger difference.

Or, call us and talk to one of our specialists.

800-392-4420 Call us at 8 0 0 3 9 2 4 4 2 0

Contributions to the Giving Fund are irrevocable. All recommendations from donors are subject to review and approval by TIAA Charitable.

TIAA Charitable does not provide tax advice. Taxpayers should seek advice based on their own particular circumstances from an independent tax advisor.

TIAA Charitable is the brand name for an independent public charity that maintains a donor-advised fund program. The TIAA name is a registered mark of Teachers Insurance and Annuity Association of America and is used by TIAA Charitable pursuant to a license.

TIAA Charitable, Inc. has been recognized by the Internal Revenue Service as a tax-exempt public charity under Sections 501(c)(3) and 170(b)(1)(A)(vi) of the Internal Revenue Code of 1986, as amended (the “Code”).