Donor Advised Funds -DAF
A donor-advised fund, or DAF, is an account where you can deposit assets for donation to Lynnhaven over time. You get a tax deduction for making contributions to the donor-advised fund. A sponsoring organization manages the account; you recommend how to invest and where to donate the assets. You can contribute different kinds of assets to a donor-advised fund, such as:
In addition to providing financial support to Lynnhaven, donor-advised funds can provide more immediate income tax deductions for you, as well as potentially reduce capital gains taxes and estate taxes.
- Cash
- Stocks, bonds and mutual fund shares.
- Money in IRA and 401(k) s
- Private company stock.
- Cryptocurrencies.
- Life insurance.
In addition to providing financial support to Lynnhaven, donor-advised funds can provide more immediate income tax deductions for you, as well as potentially reduce capital gains taxes and estate taxes.
- A tax deduction. You can claim a tax deduction in the year you contribute assets to the donor-advised fund rather than in the year the contribution goes to the charity. For example, if you typically donate $100 a month to Lynnhaven ($1,200 a year), you could essentially prepay for, say, five years’ worth of donations by putting $6,000 in a donor-advised fund now. The donor-advised fund would use the money to disburse $100 a month to Lynnhaven as usual, but you would get a $6,000 tax deduction this year instead of a $1,200 deduction every year for the next five years. Getting a giant deduction in one year could be worth more than a smaller $1,200 deduction every year for the next five years.
- Helps avoid capital gains tax. You won’t pay capital gains tax on assets that you put in a donor-advised fund, and if you donate assets that are worth more than what you paid for them, you typically can deduct the current market value of the asset rather than what you originally paid for the asset.
- Possibly lower estate tax. Few people have to pay estate but if you’re one of those few, putting money in a donor-advised fund can reduce the size of your taxable estate.
Matching Gifts
Many employers sponsor matching gift programs and will match gifts to Lynnhaven School made by their employees. To find out if your company has a matching gift policy, please enter your employer's name below.
If your company is eligible, check this site to look for a link to your employer's matching gift form, or request a matching gift form from your Human Resources Department, and send it completed and signed with your gift. Our development office will take care of the rest. The impact of your gift to Lynnhaven School may be doubled or possibly tripled, depending on your employers matching policies. In some cases, companies will match gifts made by retirees and/or spouses.
Thank you for taking this extra step to support Lynnhaven's goals.
*Keep in mind that any corporate match will be added to your gift to determine Giving Club membership status. So have your employer match your commitment to Lynnhaven while increasing your level of support.
If your company is eligible, request a matching gift form from your employer, and mail it to:
Lynnhaven School
Attention: Matching Gifts Officer
1538 E. Parham Rd.
Henrico, VA 23228
If your company is eligible, check this site to look for a link to your employer's matching gift form, or request a matching gift form from your Human Resources Department, and send it completed and signed with your gift. Our development office will take care of the rest. The impact of your gift to Lynnhaven School may be doubled or possibly tripled, depending on your employers matching policies. In some cases, companies will match gifts made by retirees and/or spouses.
Thank you for taking this extra step to support Lynnhaven's goals.
*Keep in mind that any corporate match will be added to your gift to determine Giving Club membership status. So have your employer match your commitment to Lynnhaven while increasing your level of support.
If your company is eligible, request a matching gift form from your employer, and mail it to:
Lynnhaven School
Attention: Matching Gifts Officer
1538 E. Parham Rd.
Henrico, VA 23228
Give While you Shop
Link your Kroger Card or your Publix Club membership to Lynnhaven! Every time you shop, Lynnhaven receives a portion of the proceeds.
