The halfway point of the year is the perfect time to assess progress toward this year’s giving goals, with plenty of runway ahead to act on them.
Getting ahead of the year-end rush means more time to give thoughtfully — and more impact for the causes and organizations that need it most. For those considering a DAF, there’s no better time to get started.
Self-Guided Giving Check-In
Answering the right questions honestly makes the difference between intentions and outcomes. Here are a few to consider:
- How has your giving progressed toward your intended goals so far?
- Has anything changed in your finances, your priorities, or the causes you care about?
- Are there organizations you give to consistently that you want to make sure you reach before year-end?
- Have you or your advisor looked into tax-advantaged giving opportunities worth considering?
How a DAF Can Support Your Annual Giving
A donor-advised fund (DAF) is a powerful tool for giving at any point in the year. Because you secure the tax benefit at the time of your contribution, you reserve the ability to thoughtfully make grants on your own timeline.
For donors who have a private foundation, a DAF can serve as a complementary giving vehicle: handling smaller grants, anonymous contributions, distributions to international organizations, and seeding a DAF for family members so the next generation can engage on specific causes. A contribution from your private foundation to a DAF can also count toward your foundation’s distribution requirement, giving you more flexibility in how you meet it.
For donors considering a DAF, there’s still time to open an account, fund it thoughtfully, and begin making grants to the causes you care about for any support you hope to provide in this calendar year. A DAF gives your philanthropy a dedicated home where your funds are ready when you are, contributions are captured on one annual tax receipt, and your dollars can be invested to potentially grow over time to do even more good.
Make This Your Most Purposeful Year Yet
The mid-year mark offers something the end of the year doesn’t: time. Time to revisit priorities, give thoughtfully, and to ensure this year’s giving reflects what matters most. Acting intentionally now gives you the opportunity to maximize every charitable dollar this year.
Still have questions about giving with a DAF?
Schedule a call with us or call 800-839-0054. Together let’s #begiving
