Join us in celebrating DAF Day this year!
Over the years, our team has talked with a lot of people who are surprised to learn that they can set up such a wide variety of charitable giving vehicles at CFGV, including legacy gifts as well as lifetime giving vehicles such as Donor Advised Funds (DAFs). What’s more, some people who have already established a DAF at a national financial institution don’t realize that they could have set up that DAF at CFGV.
Opening a DAF is a terrific first step toward establishing a comprehensive charitable giving plan. And October is a particularly good time to evaluate the role of a DAF as part of your philanthropic strategy. That’s because October 9 is DAF Day 2025, a national celebration of people with DAFs and the impact they make in communities everywhere.
Transferring an Existing DAF or Opening a New One is Easy with CFGV
If you already have a DAF at a national financial institution, the good news is that it’s never too late to transfer the fund to the community foundation. You’ll be glad to know that DAFs at CFGV can carry the same tax and administrative advantages as those at national firms, including:
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Online account access and simple grant request processes
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Consolidated tax reporting and full back-office administration
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Useful as a tool for “bunching” by front-loading several years of charitable giving into a single tax year to exceed the standard deduction threshold. Depending on your situation, bunching might be an even more useful tool this year vs. other years.
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Dollars in the fund support favorite charities over time, enabling strategic giving
Here’s where a DAF at CFGV really stands out:
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Personal guidance and deep community knowledge of staff members who live and work in our region
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Close relationships with nonprofit leaders and organizations across many fields
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Tailored advice, local insights, and opportunities to collaborate with others who share donors’ interests
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Administrative fees support CFGV’s operations, which in turn help sustain and expand services for donors and the community. When your DAF is with CFGV, even your fees do good!
We Welcome a Conversation About Your Goals
If you haven’t yet set up a DAF at CFGV, we would welcome the opportunity to serve you! Here, your fund will be managed with the highest level of care, grounded in a true understanding of community needs, and supported by professionals who are committed not only to your goals but also to the health and vibrancy of our region. Together, we can make sure your charitable assets accomplish exactly what you intend—whether that means making an immediate difference, planning for the future, or both.
The team at CFGV is honored to serve as a resource and sounding board as you build your charitable plans and pursue your philanthropic objectives for making a difference in the community. This article is provided for informational purposes only. It is not intended as legal, accounting, or financial planning advice. Please consult your tax or legal advisor to learn how this information might apply to your own situation.
If you’re interested in opening a DAF with CFGV, reach out to Jessica Wurtz, CFGV’s Director of Philanthropy. She can answer any questions you may have and guide you through the process of partnering with CFGV to reach your charitable goals.
Simplified Summary
Community Foundation of the Gunnison Valley is your local partner when you want to do good. A Donor Advised Fund (DAF) is a flexible tool for investing in the Gunnison Valley. If you have a DAF with a different provider, it is easy to transfer yours to CFGV. Our staff members live and work here. They can connect you with opportunities to make a difference.
