A new, easy way to recommend a grant to Premiumaid Foundation
through your Donor-Advised Fund
Are you a DAF holder?
Just complete the form below and click the "Donor-Advised Fund" button to get started. We challenge you to #HalfYourDAF before year-end.
Donor-Advised Funds included but not limited to:
BNY Mellon, Charityvest, Chicago Community Trust, Daffy, Fidelity Charitable, Goldman Sachs Philanthropy Fund, Greater Horizons, Jewish Communal Fund of New York, National Christian Foundation, National Philanthropic Trust, OJC Fund, Pledger Charitable, Schwab Charitable, Silicon Valley Community Foundation, The Donors Fund, UBS and Vanguard Charitable.
(Don’t see your Donor-Advised Fund Sponsoring Organization? Use the search field to type in the name of your sponsoring organization and you’ll be directed to your login page.)
Premiumaid Foundation Tax ID: 06-0726487
Donor-Advised Funds Frequently Asked Questions
A donor-advised fund, or DAF, is an investment account that is used for charitable giving. Donor-advised funds are considered the fastest-growing charitable giving vehicle in the United States. DAFs can be relatively inexpensive to create and maintain, while also offering donors some ability to manage their tax situation through giving.
It is composed of donations made by individuals and administered by a third party. The third party is called the sponsoring organization. A donor-advised fund offers an immediate tax relief and allows you to support your favorite charities immediately or over time.
A donor makes an irrevocable gift to a donor-advised fund and receives a tax deduction for the year the gift is made. Once the contribution is made, the sponsoring organization has legal control over the funds and the donor can make grant recommendations to the charity of their choice.
The IRS has specific guidelines around the kinds of organizations that are eligible to receive grants as well as the purposes these grants can serve. For example, grants can only be made to qualified charities and cannot be made to a person, or the donor cannot receive more than an incidental benefit, so it cannot be used for the admission price for an event of the gala.
The donor-advised fund donor receives tax documentation from the sponsoring organization of the DAF while a direct donor receives tax documentation from the charity.
Donor-advised funds can be used alongside private foundations.
- Simple to establish
- Flexible funding options
- Easily Accessible
- Tax advantage
- Typically requires no minimum distribution
- Anonymous granting
- Investment options
Yes, the donor-advised fund donor receives tax documentation from the sponsoring organization of the DAF.
Please reach out to [email protected] and a member of our team can assist you with any additional questions that you may have.
Thank you for appreciating the importance of our work and the critical role that philanthropy plays in making it possible.
If you've already made a Donor-Advised Fund grant to Premiumaid Foundation, please let us know.
If you are a financial advisor recommending DAF grants, please work with your financial institutions or reach out to us directly by email: [email protected]
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