Donor Advised Funds (DAFs)

Recommend a grant from your donor-advised fund to Cathedral Kitchen and help provide meals, hope, and opportunity for our neighbors.

Please use:

Legal Name: Cathedral Soup Kitchen

Mailing Address: 1514 Federal Street, Camden, NJ, 08105

Tax ID (EIN): 22-3114500

Many sponsoring organizations allow grants to be made online in just a few minutes.

What is a Donor-Advised Fund (DAF?)

A Donor-Advised Fund (DAF) is a charitable giving account that allows you to set aside funds for philanthropy while potentially receiving tax benefits today. Once money is invested in a DAF, you may be eligible for a tax benefit right away. Funds in a DAF can be invested and grow tax-free. You can recommend grants from your DAF to nonprofits that you support.

Donor-advised funds are the fastest-growing charitable giving vehicles in the United States because they are one of the easiest and most tax-advantageous ways to give to charitable organizations. 

You can open a DAF account with investment banks like Fidelity and Vanguard Charitable, or through community foundations like the Community Foundation of South Jersey.

Why Give with a Donor-Advised Fund (DAF)?

Choosing to make a gift with your DAF or other non-cash assets can have many benefits for you, your family, and your impact.

Giving with your DAF:

• Makes giving simple. If you give to multiple organizations or make multiple gifts each year, giving with a DAF can simplify the record-keeping associated with your tax-deductible gifts.

• Provides immediate tax advantages. When you contribute funds to your DAF, you may be eligible for a the tax benefit that year, even if you do not recommend a grant immediately.

• Grows tax-free. DAF Funds can be invested grow tax-free before you recommend funds to a charity. This can substantially increase your philanthropic impact in the long run.

• Provides the opportunity to include your whole family in your philanthropy. DAFs can be used as a low-barrier family foundation to involve multiple generations in philanthropy together.

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