What is a Donor Advised Fund?

A donor-advised fund (DAF) is an account that is maintained and operated by a section 501(c)(3) organization, called the sponsoring organization.

Each DAF account is composed of contributions made by an individual donor. Once the donor makes the contribution, the sponsoring organization has legal control over the funds. However, the donor retains advisory privileges with assets in the account. At any time afterward, the donor and their advisor can recommend grants from the account to qualified charities.

The benefit to the donor is that you qualify for a federal income tax charitable deduction at the time you contribute to the DAF account, and you can then make recommendations on which charities to support whenever you want over any period of time. In this way, you also centralize your giving and record-keeping in one location. And maybe best of all, you can start a legacy of giving by recommending grants to your favorite organizations, like Kultur Mercado!

How to Get Started with a DAF to Kultur Mercado

If you don’t already have a DAF account set up, talk with your financial advisor and carefully review the choices of DAF accounts available to you.

1. Once you participate in a DAF, just ask your financial advisor or go directly to the DAF to designate a gift to Kultur Mercado.

2. Contact us at info@kulturmercado.org to notify us that you have set up a DAF gift to Kultur Mercado.

If you have questions, please contact us at info@kulturmercado.org