Donor advised funds (DAFs) are a type of giving fund administered by a third party that allows you to combine favorable tax benefits with the flexibility to easily support Safest Drug. It is created to manage your charitable donations. Growing in popularity, DAFs provide an easy way to give to charities by allowing you to give cash, stock and other assets and receive a tax deduction when the contribution is made. Then, you may use the fund to grant specific amounts to Safest Drug over time.
How do DAFs work and how can you get started?
There’s a lot of flexibility in donating through your DAF. You can designate funds to a specific program or initiative, make an unrestricted annual gift or even recommend recurring payments to a special appeal. You can also designate Safest Drug as a beneficiary for your DAF.
To get started:
- Use the “Donate via your DAF” button above. You will be taken to DAF Direct’s website.
- From DAF Direct’s website, select your financial institution (or DAF sponsor), keep or modify your “Designation” (how you’d like us to use your donation), and enter an amount you’d like to give.
- Once set up, request a grant distribution through your DAF sponsor (like Fidelity Charitable, Schwab Charitable, BNY Mellon). Be sure to use Safest Drug’s EIN, or tax ID, # 83-3185362.
Financial institutions generally charge an administrative fee on the assets in a DAF. These fees vary by your DAF sponsoring organization.
How does your DAF gift make a difference?
DAFs provide a flexible, low-cost method of giving support for our work. These gifts are critical to launching comprehensive, effective action that is greatly needed to ensure prevention and alleviation programs are implemented to address medication injuries and deaths at local, state or nationwide levels.
Do you have questions before giving through a DAF?
Your financial institution should be able to answer questions related to their process. To talk with someone at Safest Drug, please contact our Executive Director, Mika Pollack, at firstname.lastname@example.org or 919-442-8453.
Thank you for supporting Safest Drug’s mission with your philanthropic act. The ability to make a difference is made more possible because of you.