Donor Advised Funds

A donor advised fund (DAF) is a type of charitable giving fund that is established by a donor with an eligible charitable sponsoring organization (i.e. Long Beach Community Foundation) to support a cause (or causes) that the donor cares about.

GIVE: Donors establish a fund by making an irrevocable, tax-deductible contribution.
GROW: The fund is invested according to each donor’s recommended risk tolerance.
GRANT: The donor recommends grants to qualified charitable organizations throughout the United States.

DAFS are a simple alternative to a private foundation and designed for donors to be actively involved in directing how the funds are used. Through their own research or with guidance from our knowledgeable staff, donors may request grants be made to specific charitable organizations as needs arise.

DAF’s are established by charitable donors who wish to claim an immediate, full tax deduction for their contribution and parcel out grants over time.

Donor Testimonial

Donor Advised Funds | Secure Giving

"For me, it's reassuring to know donations are going to organizations that will spend it properly and for the purposes that you intended."

~ Bob Foster, Former Mayor of Long Beach

Benefits of a Donor Advised Fund

Cost-effective vs a private foundation
Support qualified charities across the United States
Easy to keep track of grants - donors receive one tax receipt
No legal liability – the sponsor remains in full compliance with state and federal regulations
Privacy - unlike a family foundation, DAF contributions are private
Receive the maximum tax benefits:
- Higher AGI Tax deduction
- A fair market value deduction for gifts of real estate and closely-held stock
- Avoid annual excise tax payments on the sale of highly appreciated gifts and
- Option to grant anonymously
LBCF accepts a wide range of assets including stocks and real estate
Give now, grant later

Why Open a DAF with LBCF?

We make your giving easy!

The Long Beach Community Foundation:

performs due diligence to ensure a nonprofit grant recipient is valid and in good standing
issues the checks on your behalf
provides quarterly fund statements
provides an online portal to request grants and check fund balance
assists as requested in an advisory capacity on which nonprofits meet your charitable intent

Each fund allows us to continue supporting nonprofits and philanthropy in our community.

Why are DAFs Valuable?

DAFs are flexible, allowing a quick response to local needs. DAF funds have been used to support everything from emergency response efforts to community economic development.
DAFs help increase the impact of charitable giving and build access to long-term philanthropic resources in our communities.
DAFs appeal to donors of diverse ages and income levels and often serve as an entry point into charitable giving and long-term community involvement.

DAF Webinars for Professional Advisors

View our donor advised webinar series to learn more:

8/20/2020 – An Introduction to Donor Advised Funds
9/17/2020 – Donating Appreciated Assets into a Donor Advised Fund
10/15/2020 – Donor Advised Funds vs. Family Foundations

Open a Donor Advised Fund

Thank you for your interest in setting up a donor advised fund at the Long Beach Community Foundation to help organize and maximize your charitable giving.

We will need a few pieces of information to get started, please fill out the form below. In the meantime, you can download a sample of the fund agreement we will need to set up your fund. Download Donor Advised Fund Agreement