Donor-Advised Funds

St. Anthony students

Make your support go further with a gift from your Donor Advised Fund (DAF). Donor Advised Funds are a charitable giving account that allows donors to make a charitable contribution, receive an immediate tax deduction, and then recommend grants to nonprofit organizations over time.

Giving from a Donor Advised Fund is a personal way to help Inner-City help children experience a quality, values-based Catholic school education.

FAQs

  • How do I make a gift to your organization through my DAF?
    • To make a gift, simply recommend a grant to our organization through your DAF provider. You will need to provide our organization’s legal name and tax identification number.
  • What information do I need to provide to my DAF provider?
    • You typically need to provide the nonprofit’s legal name, tax ID number (EIN), and address. Our organization’s details are:

Legal Name: Inner-City Scholarship Fund
Tax ID (EIN): 51-0453629
Address: 488 Madison Avenue, 3rd Floor, New York, NY 10022

  • Can I use my DAF to fulfill a pledge or make a recurring gift?
    • DAFs cannot legally be used to fulfill a personal pledge. However, you can recommend a recurring grant to be made to our organization from your DAF without referring to it as a pledge.
  • Are there restrictions on the types of donations I can recommend from my DAF?
    • Yes, DAFs cannot be used to purchase tickets to events, make a donation where you receive something in return (e.g., auction items), or to fulfill personal pledges. Always consult your DAF provider for specific guidelines.
  • Will I receive a tax receipt for my DAF gift?
    • No, you will not receive a tax receipt from our organization for a DAF gift. The tax deduction was received when you made the contribution to your DAF.
  • What are the benefits of giving through a DAF?
    • Benefits include immediate tax deductions, the ability to grow funds tax-free, flexibility in grant timing, and ease of administration.
  • Can I combine a DAF gift with another type of donation?
    • Yes, you can combine a DAF gift with other types of donations, such as a personal check or stock transfer. However, you will receive separate tax receipts for personal contributions and DAF gifts.

To learn more, please call 212.753.8583 or email info@innercitynyc.org