Donor Advised Funds (DAF)
Donor Advised Funds must further a charitable purpose by distributing funds to charity in a manner similar to the United Way and they must not be bound by the donor's enforceable conditions as to disposition of the funds to the ultimate charity.

Who should receive legal credit for the gift?
In the eyes of the IRS, the gift is from the fund, not the account holder. The fund receives the "hard" or legal credit while the account holder receives "soft" or recognition credit and a thank you from the university for recommending the gift.

Can donors apply DAF gifts to their personal pledges?
Unfortunately, no, because a DAF is a charity, and a charity cannot use its funds to benefit a specific individual. Fulfilling a personal obligation like a pledge would be in violation of the DAF's 501 (c)(3) status.

Will companies match gifts made through donor-advised funds?
Some will, others won't. The only way to be certain is to contact a company's matching gift administrator directly or ask the DAF to check for you.



For more information, contact Don Rizzo, at 860.768.2403 or drizzo@hartford.edu