A donor-advised fund (DAF) is often described as a charitable giving account. You make a contribution to a DAF through a sponsoring organization, such as a community foundation or financial services provider, receive an immediate tax deduction and recommend grants to your favorite charities. It's a flexible and convenient way to support the causes you care about.

How a DAF works

Step 1: Open
Establish a donor-advised fund through a sponsoring organization.

Step 2: Contribute
Make a tax-deductible contribution to your DAF using cash, stocks or other assets.

Step 3: Invest
Your contributions are invested and can grow tax-free within the DAF.

Step 4: Grant
Recommend a grant to the Wake Tech Foundation and other nonprofits you wish to support. Your sponsoring organization will process and distribute the gift on your behalf.

To make a grant to Wake Tech, contact your sponsoring organization and provide the following information:

• Legal name: Wake Technical Community College Foundation Inc.
• Federal tax ID: 23-7017752
• Mailing address: 9101 Fayetteville Road, Raleigh, NC 27603
• Designation: Specify where you'd like your gift to be directed, such as a scholarship, endowment, specific program or unrestricted funds.

Benefits of a DAF

• Tax-smart giving: Receive an immediate tax deduction when you contribute to your DAF, while retaining the flexibility to recommend grants over time.
• Flexibility and control: Support the causes you care about when and how you choose, all from one convenient account.
• Efficiency: Streamline your charitable giving, reduce paperwork and keep your giving records in one place.
• Larger impact: Assets in your DAF may grow tax-free, increasing the potential charitable support you can provide in the future.