Donor Advised Funds

People choose the Chaffee County Community Foundation as their philanthropic partner because we make giving easy, flexible, transformational, and yes, enjoyable. We offer a range of giving options to serve every donor and almost every interest. If you can imagine it and it involves philanthropy, CCCF can probably make it happen.

Every fund at CCCF is established to reach our donors’ charitable goals. Grants from these funds strengthen our community and improve the quality of life for folks who live here. The most common type of fund donors use is the “Donor Advised Fund”, or DAF.

So, what is a donor-advised fund?

A donor-advised fund, or DAF, is established by a donor who makes a charitable contribution to the foundation, receives an immediate tax benefit, and then recommends grants from the fund over time.

Can I make more than one contribution to my DAF?

Yes. You can contribute multiple gifts to your fund anytime you like. This can be a great way to build up a larger ‘giving savings account’ if you’d like to make progress toward a larger gift in the future.

I already have a DAF at another financial entity. Can I transfer it to CCCF?

Yes. Contact us and we will help you transfer your donor advised fund to the Foundation.

Why create a DAF at Chaffee County Community Foundation?

Simplicity: No need to keep track of multiple receipts. CCCF keeps track of your contributions to your DAF, along with grant distributions to your favorite nonprofits from your fund.

Ease: Easy to set up. No startup costs, simple paperwork, no legal complexity. CCCF handles all administrative matters and IRS fund reporting. Creating a DAF is a highly effective alternative to setting up a private family foundation.

Tax Advantages: Maximum immediate tax advantages. Up to 50% of your Adjusted Gross Income (AGI); with up to 30% on gifts of appreciated securities or real property. In addition, if you regularly give to many nonprofits, but (perhaps because of the new standard deduction) don’t want to deal with multiple tax receipts, you can establish a DAF, receive one tax receipt for all your giving, then direct funds to your nonprofits from the fund.

Broad range of eligible assets: You can use cash, appreciated securities, real estate and more to create a DAF.

Expert assistance: The staff and board members at CCCF will provide expert guidance and professional assistance in the management of your DAF. We will help you find the right match for your giving objectives. Coming soon: CCCF will have 24/7 online access to look up your fund balance, giving history, and grant distributions.

Make Giving a Family Affair: DAFs are a wonderful tool for engaging your children or other family members in giving. CCCF can work with you to help elevate philanthropic principles with your family fund to help instill a life-long commitment and ethic of giving.

Beyond donor-advised funds, CCCF can help establish designated funds, endowment funds, scholarship funds, special purpose funds, fiscal sponsor funds, charitable trusts, and more.