WHAT IS A DONOR-ADVISED FUND?

A donor-advised fund (DAF) is a type of giving program that allows you to combine the most favorable tax benefits with the flexibility to easily support your favorite charities.

An increasingly popular charitable vehicle, DAFs are an excellent way to both simplify your charitable giving and facilitate your strategic philanthropic goals.

If you have a donor-advised fund sponsored by Fidelity Charitable, Schwab Charitable, or BNY Mellon you can easily designate a grant here using this link to the DAF Direct tool. Please use this tool to initiate your gift. From there, you'll be taken to your sponsor's log-in page, where you can recommend Holy Name High School (Federal Tax ID #34-1225953) as a grantee. 

If your donor-advised fund is managed by another institution, please direct your distribution to Holy Name High School and mail it to:

Holy Name High School
Attn: Office of Institutional Advancement
6000 Queens Highway
Parma Heights, OH 44130

Holy Name's Federal Tax ID is 34-1225953.

To give through a donor-advised fund or for questions regarding DAF's, please call President Shelbrey Blanc '95 at 440-886-0300 ext. 122.

"My wife and I are able to help
Holy Name students with their education and tuition now
and in the future through our donor-advised fund." 

 

You know donor-advised funds (DAFs) for their convenience and simplicity. But have you considered taking your donor-advised fund one step further to build a lasting legacy at Holy Name? Here are two simple options to ensure future support:

1. Name Holy Name High School as a beneficiary of your fund. You can do this at the time you create the fund, or if you already have one, contact your fund administrator to complete a change of beneficiary form. We can use the remaining funds to support our mission. You have the option of naming Holy Name High School the beneficiary of the entire account or a percentage of the fund.
2. Create a family legacy of giving. Name your loved ones as your successor to continue recommending grants to charitable organizations, such as Holy Name High School. This way, the funds can grow to support future family philanthropy. Families can build a tradition of giving and teach their children the values of philanthropy by involving them in the decisions about which grants to recommend.

Consider these advantages of establishing a donor-advised fund

• Simplicity. The DAF sponsor handles all record-keeping, disbursements, and tax receipts
• Flexibility. Timing of your tax deduction can be separate from your charitable decision-making.
• Tax-efficiency. Contributions are tax-deductible and any investment growth in the DAF is tax-free. It is also easy to donate long-term appreciated securities, eliminating capital gains taxes and allowing you to support multiple charities from one block of stock.
• No start-up costs. There is no cost to establish a donor-advised fund.  However, there are often minimum initial charitable contributions to establish the DAF (typically $5,000 or more).
• Privacy if desired. Donors may choose to remain anonymous to the grant recipient.