Click the EasyDAF button above and make sure you have the information below.

• Tax ID/EIN: 23-7310698
• Legal name: Friends of South Dakota Public Broadcasting
• Mailing address (to send DAF checks):

You can choose to make your gift anonymous, but in order to acknowledge your gift and say thank you, please provide your name (and/or fund name) and address with your gift.

Like any account that calls for beneficiaries, it’s also possible to name Friends of SDPB as a full or partial beneficiary of your DAF. Simply contact your DAF provider to complete or update your beneficiary designations form. Click here to learn more about making a planned gift to SDPB.

A donor-advised fund (DAF) is a simple, flexible, and tax-efficient charitable giving tool that allows you to personalize your contributions and recommend grants to the causes most important to you. DAF contributions can also be invested, allowing for tax-free growth and maximizing your philanthropic impact.

DAF holders can contribute a wide variety of assets to a DAF, including cash, publicly traded securities like stocks and mutual funds, and even more complex assets like real estate and private company stock, making DAFs one of the most versatile vehicles for furthering your philanthropic goals. In fact, DAFs are considered the fastest-growing charitable giving tools in the U.S.

Individuals contribute cash, stocks, real estate, or other assets into the DAF and receive an immediate tax deduction for the contribution. Those funds are then invested for tax-free growth, which maximizes your philanthropic impact. When you’re ready, you can recommend donations (also known as DAF grants) to qualified charities like Friends of SDPB.

The streamlined nature of DAFs allows donors to support multiple charitable organizations through a single, tax-smart charitable vehicle.

DAFs owe their popularity to several distinct benefits, such as:

• Tax efficiency: You can donate a variety of assets – including appreciated assets – and get an immediate tax deduction in the contribution year.
• Strategic giving: Since you get an immediate tax deduction at the time of the contribution, you can take your time to think about your charitable giving and recommend grants to charities on your own timeline.
• Investment potential: Contributed assets grow tax-free, which means your charitable funds grow without tax liability. This allows you to maximize your impact by directing more resources to causes you care about.
• Legacy giving: Create a family legacy of giving by engaging younger generations in your family in your mission. Younger generations can be brought into your DAF as successor-advisors or account advisors to have a hands-on role in the philanthropic process.

Yes, the IRS has specific guidelines for donor-advised funds. Grants must be made to qualified 501(c)3 charities and cannot personally benefit individuals. Grants should also not provide more than incidental benefits to the donor. For example, grants cannot be used to pay for event tickets or personal expenses. Additionally, the sponsoring organization must ensure that all grants align with charitable purposes and are compliant with IRS regulation.

Yes, but the tax receipting process differs slightly compared to a “direct” donation. When donating through a DAF, you will receive tax documentation from the sponsoring organization, not the charity.

While DAFs come with many benefits for donors, there are, of course, considerations to be made, such as:

• Advisory relationship: When contributing to a DAF, you have recommendation rights but not legal control over the assets. While your sponsoring organization is your partner in determining how donations are distributed, they technically maintain final authority over distributions.
• Administrative expenses: DAFs typically assess fees based on account balance. While these fees are generally low (often around 1% or less), you should know they exist.
• Distribution requirements: Unlike private foundations, DAFs don’t have mandatory annual distribution requirements, which has led to discussions about inactive charitable assets.
• Permanent contributions: Once you donate to a DAF, the contribution is irrevocable, meaning you cannot retrieve the assets under any circumstances.

To learn more and determine if establishing a DAF makes sense for you, please consult your financial advisor. Many local community foundations offer DAFs, but there are a number of national DAF providers as well.