Donor-Advised Funds

A donor-advised fund (DAF), which is like a charitable savings account, is a simple, flexible and tax-efficient way to manage your giving. Administered by a charitable sponsor like a community foundation, donors contribute to a fund and then recommend how much and how often money is granted to the nonprofits they care about—like Sacramento Food Bank & Family Services.

Benefits of Donor-Advised Funds

  • DAFs are simple to set up, with limited paperwork or via an online form in a matter of minutes. The organization that acts as your charitable sponsor handles all recordkeeping, disbursements and tax receipts.

  • Donors receive a federal income tax deduction during the year the gift was made to the DAF, regardless of when the funds are awarded to the nonprofit.

  • Any investment growth in the DAF is tax free. This means that more money is generated for charities, increasing the donor’s impact.

  • There are many ways for donors to contribute to DAFs, such as cash, stocks, real estate and cryptocurrency.

  • Unlike private foundations, there is no legal payout requirement from DAFs.

How Donor-Advised Funds Work

  1. You make an initial, irrevocable gift to fund a DAF at a sponsoring organization.

  2. The assets in your DAF grow tax-free.

  3. You make annual recommendations on gifts to be made from your DAF to qualified charities.

Next Steps

  • Contact our Director of Development, Christina Cleveland, at (916) 456-1980 ext. 2639 or ccleveland@sacramentofoodbank.org to discuss using your DAF to support SFBFS and our mission.

  • Seek the advice of your financial or legal advisor.

  • If you include SFBFS in your plans, please use our legal name and federal tax ID.

    Legal name: Sacramento Food Bank & Family Services

    Address: 1951 Bell Avenue, Sacramento, CA 95838

    Federal Tax ID Number: 94-3315566