October 17, 2022
Build a family tradition of giving
A donor advised fund (DAF) is a powerful way to build or continue a tradition of family philanthropy by establishing a charitable investment account that supports the charities you care about. It allows you and your family to make a charitable contribution, receive an immediate tax deduction and then recommend grants to your charities of choice over time. The investment growth is tax free.
Long-time supporter and volunteer, Gerry Klump, stresses the benefit of DAFs to accomplish his personal charitable giving goals.
“I was brought up to help others in any way that you can,” Gerry says. “As members of one of the original churches that helped establish MOM (Middleton Outreach Ministry), my family and I have been involved since 1997, volunteering at their early community dinners and delivering meals as well as making regular donations to support a variety of programs.
“I was looking for ways to continue to contribute in a way that not only provided greater tax benefits but grows my investment to provide more dollars to grant to charity. A DAF accomplishes that by giving you the ability to receive larger tax deductions over time and still control where and when you give. And it’s easy to set up.”
You can join Gerry in supporting WayForward through a Donor Advised Fund. Your generous donations will help provide case management, referrals, and housing stability assistance; support the food pantry and clothing center, among the largest in Dane County; and offer ride and chore assistance to area seniors.
Please consult your financial advisor to learn more about setting up a DAF to benefit WayForward or contact Peggy at 608-826-3402.