Tom is semi-retired from a 40-year corporate career in the Twin Ports. He and his wife Lisa have generously supported our work over the last 8 years, more recently through their Donor Advised Fund (DAF).
“We had sold some property,” Tom shares. “We decided to set up our Donor Advised Fund so we could maintain our charitable giving while at the same time getting an immediate tax benefit.”
A Donor Advised Fund (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 is a wonderful cause,” Tom shares. “People need food and I’ve often heard that a cash donation is better because you can access more food and the food you need. You are truly one of the most worthy causes to support in the Northland.”
*Our information is for illustrative purposes. We recommend that you consult your accountant or tax preparer for professional advice and information.