What is a Donor-Advised Fund?
A donor-advised fund (DAF) is a charitable giving vehicle provided by a brokerage firm, mutual fund company, or community foundation. Giving through a DAF is one of the most popular ways to support your favorite charities. As a giving vehicle, it combines optimum flexibility with favorable tax benefits to simplify your charitable giving.
How does a DAF work?
When you make a contribution to the DAF you will be eligible for an immediate tax deduction from the organization sponsoring the fund. Over time you can advise the organization on how to grant money to your favorite charities and nonprofits, such as Gould.
What are the benefits of a DAF?
There are many benefits to giving through a DAF:
- Contributions are tax-deductible. You will be eligible for an immediate tax deduction from the sponsoring organization.
- While you are deciding which charities to support your donation will grow tax-free, increasing the amount of money you can give to charities.
- The DAF sponsor handles all record-keeping, simplifying paperwork for you.
- You will eliminate capital gains taxes when you donate long-term appreciated securities to the DAF sponsor.
- A DAF is an excellent way to create a family legacy of philanthropy.
- If you so choose, you may remain anonymous to the grant recipient.
How to make a gift to Gould through your DAF
Please make checks payable to Gould and mail to the following address:
Gould Academy Advancement Office
PO Box 860, Bethel, ME 04217
Gould’s tax ID number is EIN- 01-0211509.
Mrs. Connell joined Gould in July of 2017. She brings with her a wealth of experience having held positions in Alumni Relations at both Hebron Academy and Bates College. Prior to her jobs at both schools, Mrs. Connell worked in fine wine sales in New York and Maine. Additionally, her passion for the arts led her to Boston for a position at the Museum of Fine Arts as well as an assistant directorship at a community art center in Newton, MA.
A native of Western New York’s “Snowbelt,” Mrs. Connell loves Maine’s long winters. Whether it’s riding Sunday River’s Magic Carpet with her daughter or chasing her husband down the slopes, she can be found outside enjoying the white stuff. And when the seasons change, she enjoys hiking, biking, and horseback riding.