There are many ways to give to our food bank, but Donor Advised Funds (DAF) are growing in popularity due to the tax benefit they provide. DAF’s are like a charitable investment account, for the sole purpose of supporting organizations like ours. When you contribute cash, securities, or other assets to a DAF, you are generally eligible to take an immediate tax deduction. Those funds can then be invested for tax-free growth, and you can recommend grants to our IRS-qualified public charity or any others you’d like to support.
“It’s such a simple way to give,” shared Mary, a long-time supporter. “The tax benefit is immediate, and it’s easy to support Second Harvest, an organization we trust to spend our donations wisely.” For families like Ed’s, security can be found in the fresh boxes of produce, dairy, and meat we are distributing.
There’s never been a better or more important time to support our hunger-relief efforts. Not only will you feed our most vulnerable Northland neighbors, you’ll benefit as well.
*Our information is for illustrative purposes. We recommend you consult your accountant or tax preparer for professional advice and information.
Learn more about Donor Advised Funds here.