Make a Gift with a Donor-Advised Fund

The donor-advised fund (DAF) is becoming an increasingly popular way to make a charitable gift. DAFs can provide you with immediate tax benefits while making your charitable giving easier. Here are two simple ways you can make a gift through your DAF:      

• Make an outright gift by suggesting a grant to Case Western Reserve University.
• Designate Case Western Reserve University to receive all or a portion of the fund value upon the termination of the fund.  

You can select the option that best suits your philanthropic and financial goals to support the Case Western Reserve University. Just contact your fund administrator to request a distribution or beneficiary form or download the appropriate form(s) from your administrator’s website.

If you include Case Western Reserve University in your plans, please let us know and use our legal name and federal tax ID.

Legal Name:  Case Western Reserve University
Address:  10900 Euclid Avenue, Cleveland, Ohio 44106-7090
Federal Tax ID Number: 34-1018992

Creating a Donor-Advised Fund

Creating a donor-advised fund can provide you with immediate tax benefits while making your charitable giving easier for years to come.

How it works

You establish a fund at a sponsoring charity. This could be a community foundation, a public charity with a donor-advised fund program, or even one of the well-known investment companies that sponsor donor-advised funds. First, check with the fund sponsor about the minimum contribution to start a fund as it ranges from $5,000 to $25,000. Then, make an initial contribution to start your fund of cash or appreciated assets such as stocks or mutual funds. You’ll get an immediate income tax deduction and some sponsors will even let you name your fund.

Once established, you can suggest that your favorite public charities, such as Case Western Reserve University, receive grants from your fund. The grants can be relatively modest or larger for projects such as a capital campaign or a new building.

You do not get an additional tax deduction for these grants. You can also suggest which charities you want to have any remaining assets in your fund at your passing. Case Western Reserve University is grateful for gifts that come from donor-advised funds.  

If you are considering establishing a donor-advised fund we can suggest several fund sponsors for your review. You should also consult your professional advisor for their guidance.