Donor-Advised Funds
A donor-advised fund, or DAF, is a charitable giving program that allows you to combine the most favorable tax benefits with the
flexibility to support your favorite causes.
Why a DAF could be right for you:
- DAFs allow you to donate cash, stock, and other assets as charitable gifts over several years.
- DAFs provide a flexible and easy method of giving if you support multiple charities.
- DAFs may be used to complement or replace a private foundation.
DAFs are a great way to make planned giving a part of your personal philanthropy practice and can be used to support our annual programs or our Endowment. Today, it’s easy to set up these funds yourself online or through a brokerage or financial advisor. Some of the DAF services that current BookSpring donors regularly use include:
- Fidelity Charitable:
https://www.fidelitycharitable.org/ - Schwab Charitable:
https://www.schwabcharitable.org/ - TD Ameritrade DAF at Schwab:
https://www.schwabcharitable.org/donor-advised-fund-tdameritrade
But there are others providers of DAFs, including the Austin Community Foundation. Again, consult your personal financial advisors who may provide other recommendations. Funders do not always provide contact information to charities for DAF contributions. Still, they provide gift receipts and send designated charities the liquidated securities as ACH cash or checks.
Once you have a DAF account set up, follow the fund’s instructions to make a charitable gift directly towards BookSpring. Our EIN # is 74-2542664, and our mailing address is BookSpring PO Box 153024 Austin, TX 78715-3024. If you need any additional information to set up the grant, just let us know.
We appreciate you letting us know in advance that funds are coming by contacting us at give@bookspring.org or (512) 472-1791 x 104 so we can keep an eye out and thank you directly! If you wish to remain anonymous, we are always happy to honor that preference publicly, but we would like to contact you from time to time to let you know how your gift is being used in the community.
Donating stocks or securities may make a lot of sense in today’s economy, but it’s always a highly personal decision. We don’t really care how you contribute, only that you give what you can, when you can, as often as possible. However, you choose. We always want you to feel comfortable and satisfied donating to BookSpring! Read more in Planned Giving about additional options for supporting our work.