DAF Infographic

What is a donor-advised fund (DAF)?

DAFs are a simple, flexible, and tax-advantageous way to give to The Art League!

In summary, DAFs are a financial vehicle that provides donors with a flexible way to give to causes they care about and a tax-savvy method for setting aside money specifically for that purpose. It is a private fund administered by a third-party “sponsoring organization” and created for the purpose of managing charitable donations on behalf of an organization, a family, or an individual. (See examples of Sponsoring Organizations below)

Donors can contribute cash and a wide range of non-cash assets—including stocks, shares of mutual funds, publicly traded securities, private assets, and crypto—and then recommend that the fund’s money be used to make grants to charities of their choice.

Examples of Donor-Advised Fund Sponsoring Organizations 

Click to be directed to their specific DAF pages and/or portals!

Alexandria Community Trust (ACT), BNY Mellon, Fidelity Charitable, Goldman Sachs Philanthropy Fund, Greater Washington Community Foundation, National Philanthropic Trust, Schwab Charitable, UBS and Vanguard Charitable.

LEARN MORE about the #HalfMyDAF 2024 CAMPAIGN >

How do DAFs work?

Guidelines vary by sponsoring organization, but there is often no minimum donation required to start your DAF. You receive an immediate tax deduction upon contributing to the fund. The DAF’s sponsoring organization then actively manages and invests the funds, providing tax-free growth.

When you’re ready to make a donation from your DAF, simply recommend The Art League to your sponsoring organization, and the grant will be disbursed. In general, there are no limits to the number or size of contributions and grants you can make, and you have the option to set up recurring grants, as well. Recurring grants help The Art League best plan for the future. However, some sponsoring organizations, such as Fidelity or Schwab, will require you to make a minimum gift of $50.

Are You Already a DAF Account Holder?

You have a great opportunity now to put your fund to work by making a grant to The Art League today!

To do so, simply log in to your DAF portal or directly contact your fund administrator to make a one-time or recurring grant to The Art League (See above for links to DAF pages/portals of many popular sponsoring organizations)

Here is some additional information you may need:

  • Legal Name: The Art League, Inc.
  • Address: 105 North Union Street, Alexandria, VA 22314
  • EIN/Tax I.D. Number: 54-0833818
  • Tax Exempt: 501(c)3
  • NTEE Code: A25 Arts Education
  • Incorporated in Alexandria, Virginia
  • Brokerage: Charles Schwab & Co., Inc.  (800-435-4000)
  • Charity Non-Profit Acct: 3452-3683
  • DTC Number: 0164

Want to set up a new DAF to support The Art League?

  1. To establish a DAF, reach out to a sponsoring organization to confirm it is a good fit for your overall financial and charitable planning.
  2. If it is a good fit, you – or a financial advisor, working on your behalf – will work with the sponsoring organization to name your DAF, identify a Primary Advisor and set the investment allocation preference for the assets. All other information can be updated at any time upon opening the DAF account.
  3. The final stage of the set-up process is officially contributing to the DAF. Usually, this includes completing an agreement form with the sponsoring organization and transferring the assets. Some, but not all, sponsoring organizations may require an initial contribution minimum. Once your DAF is established, you can then recommend a grant be made to The Art League from your new fund!
We’re honored you have chosen to support The Art League through your DAF! 

Please note that your name will NOT be attributed to the gift; it will arrive labeled as an anonymous grant from the sponsoring organization. If you do not wish to remain anonymous, please let us know when you make the DAF donation so we can adequately thank you and celebrate your generosity!

Please let us know if we can help you plan your creative legacy at The Art League. 703-519-1741 or email us with questions: [email protected] or [email protected]g