Donor-Advised Funds

Through the Lone Tree Arts Center Fund (a 501(c)3 supporting organization), you are offered multiple options for supporting our wide array of programs. One of the fastest-growing charitable giving vehicles, we are able to accept gifts through Donor-Advised Funds.  Donor-advised funds may be eligible for certain tax benefits and can simplify your charitable giving.

How do donor-advised funds work?

1. To establish the fund, an individual makes an irrevocable tax-deductible contribution (cash, stock, real estate, etc.) to a sponsoring organization, community foundation or financial institution. Individuals receive a tax receipt and tax benefits when funds are deposited into their DAF.
2. The DAF sponsoring organization oversees those funds as they grow tax free.
3. The assets within the fund now legally belong to the sponsoring organization but the DAF account holder retains advisory privileges over disbursements made from the DAF in addition to the investment strategy.
4. DAF account holders can recommend single or recurring donations to charitable organizations. Funds in a DAF can only be used to support organizations that are tax-exempt 501(c)(3) and classified as public charities under 509(a).
5. Once the DAF sponsoring organization approves, the recommended donation is made to the qualified charitable organization, such as the Lone Tree Arts Center Fund.