What is a Donor Advised Fund?
A Donor Advised Fund (DAF) is a charitable giving account that allows you to receive an tax
deduction while enabling your contributions to grow tax-free for future giving. These funds are
created solely to support charitable organizations. Once you’ve established and funded a DAF
through a financial institution of your choice, you can recommend grants to Christ Community
Lutheran School (CCLS) at any time.
While CCLS does not administer donor-advised funds, we are a qualified 501(c)(3) nonprofit
and are fully eligible to receive gifts from your DAF. Commonly accepted assets include cash,
stocks, mutual fund shares, and other non-cash assets. You receive a tax deduction at the time
of your contribution, and your gift can make a lasting impact on the mission of CCLS.
How Does a Donor Advised Fund Work?1. Establish a DAF with a sponsoring organization such as Fidelity Charitable,
Schwab Charitable, Vanguard Charitable, or a community foundation.
2. Make an irrevocable, tax-deductible contribution of cash, stock, or other
assets.
3. The sponsoring organization manages the fund, allowing it to grow tax-free.
4. You retain advisory privileges to recommend grants to qualified charities like
CCLS.
5. Once approved, your gift is distributed to Christ Community Lutheran School.
Why Consider a DAF?- Simplify your giving and consolidate charitable contributions.
- Create a legacy by naming your DAF sponsor in your will or as a retirement plan
beneficiary.
- Strategically support CCLS over time, with flexibility in timing and amount.
- Pass on generosity by naming heirs or favorite charities as successors to your
DAF.
Let Us Thank YouIf you choose to recommend a grant to CCLS through your DAF, please include your name and
contact information so we can properly acknowledge your generosity and apply your gift as
intended.
For assistance with planning a gift that will benefit Christ Community Lutheran School now
or in the future, please contact us at:
administrator@christcommunityls.orgDisclaimer: Christ Community Lutheran School does not provide tax, legal, or financial advice.This information is for educational purposes only. Please consult your financial advisor beforemaking any charitable giving decisions.