A Donor-Advised Fund (DAF) provides donors with a centralized charitable giving vehicle. It allows philanthropically inclined individuals, families, and corporations to make an irrevocable charitable gift to BINA Farm Center and take an immediate tax deduction. Most sponsoring organizations of DAFs accept cash equivalents, securities, and certain other assets.

Main advantages of a Donor-Advised Fund:

• Simplicity—The DAF sponsor handles all record-keeping, disbursements, and tax receipts.

• 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 several charities from one block of stock.

• Family legacy—A DAF is a powerful way to build or continue a tradition of family philanthropy.

If you have a DAF with Fidelity Charitable, Schwab Charitable or BNY Mellon Charitable Gift Fund, BINA Farm Center uses DAF Direct that enables you, the Donor, to recommend grants from your DAF directly from the BINA Farm Center website. There are no transaction fees and 100% of the approved grant recommendation is sent to BINA Farm Center.