A Donor-Advised Fund (DAF) is a simple and powerful way to manage all of your philanthropy in one place. Your DAF will allow you to support all the specific causes and organizations that matter to you — both within and outside of the LGBT community — through one consolidated account. You can set up your Donor-Advised Fund by yourself, with your partner or spouse, or with your family by making a contribution of personal assets to Horizons Foundation. Name your Donor-Advised Fund something meaningful to you (“The Barbara and Jean Fund”), and you can recommend charitable organizations you wish to support throughout the life of your fund. Since your donations are consolidated into one account, you can easily track what was donated, when, and to whom.
A Horizons Donor-Advised Fund offers you numerous charitable, financial, and personal benefits:
Flexibility and simplicity
By making charitable contributions of cash, appreciated securities, or other assets to the Horizons Donor-Advised Fund program now, you have the ability to recommend grants to charitable nonprofit organizations now or later. Donors enjoy simple, comprehensive administration of their philanthropic planning, with no check-writing on your part.
Immediate tax benefits
Because contributions to a Donor-Advised Fund are irrevocable, you receive an immediate, dollar-for-dollar, charitable federal income tax deduction for the full fair market value, up to the maximum allowed by law. Contributions of appreciated assets are not subject to capital gains tax.
While the tax deduction is taken immediately, you may recommend grants to your favorite charitable organizations throughout the life of your fund. Recommendations can be made easily through an online, password-protected page on Horizons’ website, by filling out a simple form, or by contacting Horizons staff. We take care of the rest.
Specialized grantmaking advice
Horizons Foundation can provide important expertise and up-to-date information about LGBT and other types of organizations in the Bay Area, nationally, and internationally. Horizons can provide a limited amount of research and docket preparation for you upon request, and assist in creating an individual strategic giving plan aligned with your values and interests. Except in unusual instances, there is no charge for these services.
The Horizons Donor-Advised Fund program provides you the opportunity to recommend how your fund is invested. The program offers donors several investment strategies to choose from, all of which are closely monitored and evaluated by our Investment Committee.
Enhanced giving power
Any growth in assets within a Horizons Donor-Advised Fund is tax free, potentially increasing your contribution’s charitable grants in the future.
LGBT giving community
By opening a Donor-Advised Fund at Horizons Foundation, you automatically become part of a community of givers committed to supporting the LGBT community and other causes. Horizons sponsors events and provides other opportunities for donor advisors to share experiences, leverage funding, and learn about work being done in specific areas of interest.
Establish a charitable legacy by recommending grants to be made from your Donor-Advised Fund at the time of your death. You may add to or change these recommendations at any time without having to amend your estate plan. You may also choose to name successor advisors to the fund, which allows you the opportunity to include a partner, spouse, family members, or friends in building a philanthropic plan for giving, both before and after your death.
If you choose to become a member of Horizons Foundation’s Leadership Circle ($1,000+ annual gift to Horizons general operating) and that gift is greater than 1% of your fund balance, we will waive our charitable administration fee. The great majority of Horizons donor advisors are members of the Leadership Circle and pay no fees.
Establish a fund today
Open a Donor-Advised Fund today. For more information or for help establishing a Donor-Advised Fund at Horizons Foundation, please contact Deb Stallings, Director of Development, at (415) 398.2333, ext. 103 or firstname.lastname@example.org.
- Donor-Advised Fund Program Guide
- Donor Contribution Agreement/Application
- Advance Advisor Recommendation Form
- Grant Recommendation Form
- Investment Options
- Information Change Request
- Information for Professional Advisors
- Stock and Wire Transfers to Donor-Advised Funds Instructions and Form