For more than 50 years, Michael and Martha cultivated their farmland in Northern Minnesota, growing crops and raising cattle. In 2018, after selling their farmland, they chose to establish a Donor-Advised Fund (DAF) as a strategic way to reduce capital gains. Giving back has always been important to them, and their DAF has made it even more convenient. “Having a DAF has made it so simple for us to give to our favorite charities,” Martha says. “Everything we need is in one place, making it easy to track our charitable giving.”
Agency and Community Partnerships Benefit Neighbors A DAF is a charitable investment account that can be used to support organizations like ours. When you contribute cash, securities, or other assets to a DAF, you’re generally eligible to take an immediate tax deduction. Those funds can then be invested for tax-free growth, and you can recommend grants to any IRS-qualified public charity.
“Second Harvest helps us meet our goal of ensuring everyone has access to food,” Martha said. “Nutritious food is essential for staying healthy and strong, and Second Harvest is making that possible for so many in our community.”
*Our information is for illustrative purposes. We recommend that you consult your accountant or tax preparer for professional advice and information.