Giving to C89.5 through your Donor-Advised Fund

Making a charitable contribution to C89.5 through your donor-advised fund is an excellent way to support the educational and cultural mission of the station.

Give once via DAFpay

Give Monthly

What is a donor-advised fund?

A donor-advised fund (DAF) is like an investment fund managed by a nonprofit (the “sponsoring organization”) used solely for donations to other nonprofit organizations, like c89.5.

When you establish a DAF, you make an irrevocable gift to the sponsoring organization and get an immediate tax right-off.

Then, you recommend a grant to the C89.5/KNHC Public Radio Association (tax ID: 20-5402402) under your name (or anonymously).

Essentially, you are donating to a nonprofit that invests your money, gives you an immediate tax right-off, and then distributes grants to c89.5.

How do I establish a donor-advised fund?

Consult your financial advisor for more information on the pros and cons of donor-advised funds.
Establish your donor-advised fund by making an irrevocable, tax-deductible donation to the sponsoring organization.
Decide on your investment allocation strategy.
Recommend a grant to the C89.5/KNHC Public Radio Association (tax ID: 20-5402402).

What are the main advantages of a donor-advised fund?

Simplicity – The DAF sponsor handles all record-keeping, disbursements, and tax receipts.
Flexibility– The timing of your tax deduction can be separate from your charitable decision-making.
Tax-efficiency – Contributions are tax-deductible and any investment growth in the DAF is tax-free. It is also easy to donate long-term appreciated securities, eliminating capital gains taxes and allowing you to support multiple charities from one block of stock.
Family legacy– A DAF is a powerful way to build or continue a tradition of family philanthropy.
Privacy (if desired) – Donors may choose to remain anonymous to the grant recipient.
No start-up costs – There is no cost to establish a donor-advised fund. However, sponsoring organizations generally assess an administrative fee on the assets and may require a minimum initial contribution. Fees depend on the sponsoring organization.