Legacy Giving – Donor Advised Funds

A Donor-Advised Fund (DAF) is a charitable-giving tool that allows you to make an irrevocable contribution to the fund, for which you gain an immediate tax deduction.  Over time, you can request distributions to be made to Loving Care Cat Rescue.

• You choose when to support LCCR and how much to give.
• Contributions to a DAF are irrevocable and are removed from your estate.
• Money is invested based on your preference, giving it the potential to grow tax free.
• Tax reporting is streamlined.
• A DAF can be a beneficiary of your will, trust, annuity, insurance contract, retirement plan, or investment account.
• A DAF can allow you to remain anonymous to LCCR if you wish.

Who should consider a DAF?

• Individuals who want their charitable giving to be tax-deductible, but don’t give enough each year to itemize deductions.
• Individuals who own investments or other assets that have significantly increased in value.
• Individuals who have experienced an unusually high-income year.

Other considerations:

• Delays between the requested grant and when it’s given to LCCR.
• Lower levels of control of available range of investments.
• Investment management and other fees.
• Minimum grant size requirements.
• Contributions are still subject to IRS limitations on charitable tax deductions.
• Donating investments with a loss or short-term capital gains may have little to no benefit.
• Multi-year tax planning may be necessary when considering large grants.
• Potential changes in laws and tax rate changes making the strategy less effective than originally anticipated.

For More Information

Loving Care Cat Rescue – lovingcarecatrescue@gmail.com for assistance in facilitating your gift.  Email communications are returned within 24-72 hours.