A donor-advised fund (DAF) allows individuals to make charitable contributions and receive an immediate tax deduction. The funds are managed by a DAF custodian and the donor can recommend grants to their preferred nonprofit organizations.
Donors can contribute to the fund over time and recommend grants to charities at their discretion, providing flexibility in their giving strategy.
Benefits
- Retain the flexibility to make grant recommendations over time at your leisure
- Receive an immediate tax deduction when contributing to your fund
- Make an immediate impact in transforming the lives of children impacted by foster care
How it works
- Prepare your grant request by providing the necessary information about Bloom o your donor-advised fund (DAF) provider.
- Submit the grant request, specifying the amount you wish to donate and any additional details.
- Once approved, your DAF provider distributes the funds to Bloom on your behalf.
If you have any questions, do not hesitate to contact Katie Weaver, Director of Development.