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 TMF. The minimum contribution to start a fund at TMF is $10,000. 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 TMF will even let you name your fund.
Once established, you can suggest that your favorite public charities, such as your church, 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. TMF is grateful for gifts that come from donor-advised funds.
If you are considering establishing a donor-advised fund please contact Justin Gould or Charles Smith.
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 TMF.
- Designate TMF 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 TMF. 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 TMF in your plans, please let us know and use our legal name and federal tax ID.
Legal Name: Texas Methodist Foundation
Address: 11709 Boulder Lane, Suite 100, Austin, Texas 78726-1808
Federal Tax ID Number: 74-1363741