We are proud to be participating in the first-ever DAF Day: a new day of giving to educate and inspire individuals to give through their Donor Advised Funds.
What Is a Donor Advised Fund (DAF)?
A donor advised fund (DAF), is a charitable savings account that gives you the flexibility to recommend grants to The Michael J. Fox Foundation (MJFF) and other qualified charities. This unique giving vehicle allows you to make an immediate impact on Parkinson’s research and create a legacy of philanthropy.
You can also create a lasting legacy by naming The Michael J. Fox Foundation the beneficiary of the entire account or a percentage of the fund. With a percentage, you can create a family legacy of giving by naming your loved ones as your successor to continue recommending grants to charitable organizations. Contact your fund administrator for a beneficiary form.
Learn more about DAFs.
Looking to simplify your charitable giving? Download our free guide, Centralize Your Giving with Donor Advised Funds, to explore how easy it is to open a DAF and the benefits it offers.
A More Meaningful Way to Giving Through a DAF
“I was unhappy with how I responded to annual giving requests at year end with a sense of obligation — small checks often sent by mood and by chance,” MJFF community member, Rich reflects.
That changed when Rich opened a DAF. “It led to a more meaningful, connected way of giving and brought our family closer to the community. Together, we focus on getting donations to work immediately, especially for causes like Parkinson’s research that have touched our lives.”
How Does a DAF Work?
A donor advised fund allows you to set aside assets for charitable purposes while receiving an immediate tax benefit. Once you’ve established a DAF, you have the flexibility to decide when and where the funds should be distributed to support organizations like MJFF.
An Example of How a DAF Works
Joe and Laura want to give back to their hometown by putting their money where it will do the most good. They establish a $25,000 donor advised fund with a community foundation.
The couple receives a federal income tax charitable deduction for the amount of the gift. They also get the time they need to decide which charities to support.
After researching community needs with the foundation’s staff, Joe and Laura recommend grants for MJFF (which they’ve supported for years) and a local animal shelter. The foundation presents the charities with checks from the Patricia Fund, which Joe and Laura named in honor of Laura’s mother. They name MJFF as the beneficiary to receive the account balance after their lifetimes. Joe and Laura are delighted to start this personal legacy of giving.
Give From Your DAF Today
We partner with Chariot to facilitate instant donations from your Donor Advised Fund.
- Avoid lost checks & mailing delays
- Secure donations with end-to-end encryption
- Donate in three clicks
Click the button below to give from your DAF today:
Next Steps
- If you already have a donor advised fund, use our tool above to connect to your fund. No fund yet? Get our free guide.
- Contact The Michael J. Fox Foundation at 212-509- 1524 or plannedgiving@michaeljfox.org to discuss using your donor advised funds to support MJFF and our mission.
- Seek the advice of your financial or legal advisor.
- If you include MJFF in your plans, please use our legal name and federal tax ID.
Legal name: The Michael J. Fox Foundation for Parkinson's Research
Address: Grand Central Station PO Box 4777, New York, NY 10163
Federal tax ID number: 13-4141945