How to Give

Not only do you have options for how your gift will be used, you also have options on what to give and how to give. There are gifts that cost you nothing now, gifts that pay you income, and gifts that allow you to decide what happens when.

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Gifts Through a Donor Advised Fund (DAF)

The benefits of using a donor advised fund are strong and, with the new tax laws, are expected to grow in appeal to strategic donors. They are far easier to establish than a private foundation and allow you to support Bethesda Health Group with relatively small amounts of money.

How does it work?

When you open a donor advised funds (DAF), you are creating a separate entity with the sole purpose of using the assets undermanagement to support qualified charities.

You can fund it by irrevocably contributing assets such as cash, appreciated stock, insurance proceeds, or various other forms of capital. Given that your DAF is separate 501(c) (3) organizations, you can take an immediate tax deduction for the amount of the gift the year your DAF is funded.

As advisor to the fund, you can elect to manage the investments personally or choose to have an investment advisor manage the portfolio.

The two primary avenues of supporting Bethesda with your donor advised fund are through a beneficiary designation and recommending grants.

Beneficiary

By assigning Bethesda or other charitable organizations as a beneficiary, you are ensuring that when the DAF ceases to have an advisor the assets in the account are transferred to Bethesda.

Grants

While you or your assigned successor(s) are advising the fund, you can recommend grants from the fund to support Bethesda or other charitable organizations.

What are the Benefits?

  • Receive an immediate deduction on your taxes the year you establish the DAF.
  • Assets in the fund grow tax free.
  • Easier, and less expensive than establishing a private foundation.
  • Allows you to get started with a relatively small amount of money, as low as a $500 gift.
  • Tax smart for those using a "bundling" strategy under the new tax laws.

With a low amount to establish DAF and the multiple ways to create charitable impact, DAFs are a great strategy for charitable giving. If you have questions or want more information please contact Bethesda Health Group.