A Donor Advised Fund (DAF) is a charitable giving vehicle sponsored by a public charity that allows donors to make tax-deductible contributions of cash or appreciated assets. These funds are invested and can grow tax-free, while donors retain the ability to recommend grants over time to qualified charitable organizations, including the Aligarh Education Endowment Fund (AEEF) .
If you hold a DAF account with any of the financial institutions listed below, you can easily make a real-time grant to support AEEF’s mission.
Contributions to a DAF are eligible for an immediate tax deduction in the year the donation is made, based on the full fair market value of the assets contributed. Donating appreciated assets may also help you avoid capital gains tax.
Assets held in a DAF are invested and grow tax-free, allowing your charitable dollars to potentially have a greater long-term impact.
A DAF allows you to recommend grants to your preferred charities over time, giving you the flexibility to plan and manage your philanthropy strategically.
By consolidating your charitable giving through a DAF, you can simplify record-keeping and potentially streamline your tax filing process.
Several financial institutions offer DAF accounts, each with varying fee structures, minimum contribution requirements, and balance thresholds. Please click the links below to learn more about their features, fees, and benefits.
If you already have a Donor Advised Fund (DAF) with any of the institutions listed above, you can recommend a grant to AEEF. Please specify the AEEF project you wish to support in the Designation section
While Donor Advised Funds offer meaningful tax and planning advantages, they may not be suitable for every donor. We encourage you to consult with your tax or financial advisor to determine whether a DAF aligns with your financial situation and charitable objectives.
Aligarh Education Endowment Fund (AEEF) was granted a tax-exempt status, 501(c) (3) designation, by the United States IRS in 2005.
Tax ID # 20-1000034. Donations to AEEF are tax deductible in USA as allowed under the law.
Fidelity Charitable