What is a Donor Advised Fund (DAF)?
A Donor Advised Fund (DAF) is a special fund established within NOMAF. It allows donors to make a charitable contribution for a specific stated purpose, defined by Donor Advised Fund administrators.
As a donor, you receive an immediate tax benefit and your contribution is directed to the fund or program you designate.
Benefits of a Donor Advised Fund
- Privacy – Your Donor Advised Fund is never subject to public record. This means that your fund will not be solicited by charities except through your own activity.
- Tax Advantages – Your Donor Advised Fund qualifies for the highest charitable income and estate tax deductions allowed by law, while bypassing capital gains tax on gifts of appreciated assets to the fund.
- Gifting Advice – As the name implies, each year you can advise how much, when, and to what fund you would like to give.
The Louisiana Musicians’ Disaster Relief Fund was established in 2017 specifically to assist Louisiana musicians affected by disasters.
Follow the link below to learn more about how the Disaster Relief Fund supports musicians who have suffered losses.