Donor Advised Funds: A Great Way to Give

The Foundation for Peripheral Neuropathy (FPN) is a 100% donor supported 501(c)3 charitable organization. Through research funding, awareness, and patient education, our work advances our mission to improve the lives of patients living with peripheral neuropathy and accelerates the development of treatments, and one day, cures.

A Donor Advised Fund (DAF)

We view our supporters as valued partners, and thus FPN endeavors to educate our donors on ways to support your charities of choice while still safeguarding your financial plans. One such option is through a Donor Advised Fund (DAF). A donor-advised fund, or DAF, is an investing account that allows you to contribute to it and receive immediate tax benefits while donating to charities over time. The purpose of a DAF is to allow philanthropic donors to boost the amount of money they give by growing their funds, as well as receiving tax breaks.

Setting Up a DAF is Simple

Opening a DAF account is simple. There are many investment management companies that sponsor DAFs, such as Fidelity Charitable, Schwab Charitable, Charityvest, or your local community foundation. You can choose the company that is most convenient for you.

Having a DAF is like having your own charitable foundation. With a DAF, you can set aside money for charity by contributing (donating) funds into your DAF account via your bank, credit card or appreciated assets (e.g., stock, crypto, etc.). Once contributions are received by your DAF sponsor, they are eligible to be included as deductions on your income taxes. You take the tax deduction when you contribute to your DAF, regardless of when funds from your DAF are distributed to your chosen charities.

There is no time limit for recommending grants from your DAF to charities. When you are ready to send money to a charity, search for that charity in the DAF’s online platform and request a grant. You can link directly to your DAF to make a donation to FPN on our website. You can find more detailed information about DAFs and how they can work to support your goals along with your charity in this detailed primer.

Thank you for supporting FPN! We so appreciate donors like you.

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