Donor Advised Funds
A donor advised fund (DAF) is like a charitable savings account. Once you place funds into your DAF, you can recommend how much and how often money is granted to the VFW and other qualified charities you support. You can make an immediate impact by recommending a grant or recurring grants or you can use your DAF to create a charitable gift after your lifetime.
DAF Basics
Still learning about DAFs? Discover the ease of opening a donor advised fund – plus the advantages you’ll enjoy – with your FREE guide Centralize Your Giving With Donor Advised Funds.
Use Your DAF to Create a Lasting Legacy to Honor Veterans
You can create a lasting legacy by naming the VFW as a full or partial beneficiary of your DAF. You can also name a loved one as your DAF successor and they can continue your legacy as a VFW hero by making grants to support our important work into the future. Contact your fund administrator for a beneficiary form.
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Get My Next StepsAn Example of How It 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 all 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 the VFW (which they have supported for years) and the Animal Rescue League. The foundation presents the charities with checks from the Megan Fund, which Joe and Laura named in honor of their granddaughter. Joe and Laura are delighted to start this personal legacy of giving.