Donor-Advised Funds (DAFs)

If you have a donor-advised fund (DAF), then you’ve taken advantage of the fastest-growing charitable giving vehicle in the U.S. DAFs are among the most tax-friendly, flexible ways to support a cause that’s close to your heart right now.

By making a donor-recommended grant to BCRF through your DAF, you’ll support the best and brightest minds in breast cancer research and accelerate future breakthroughs for patients and their loved ones.

What is a donor-advised fund (DAF)?

A DAF is a giving account managed by a 501(c)(3) public charity such as a community foundation or the charitable arm of an investment firm (such as Fidelity Charitable).

Donors who contribute to a DAF get an immediate tax deduction and can then distribute the funds at any time and in any amount. Funds can also be invested to grow tax-free.

How can I give to BCRF through a donor-advised fund (DAF)?

You can recommend a grant to BCRF through your DAF by check and mail or online.

If your donor-advised fund is with Fidelity Charitable, Schwab Charitable, or BNY Mellon, you may recommend a grant to BCRF through DAFDIRECT online.

To recommend a grant by mail, contact your financial institution and notify BCRF via email or call us at 646-497-2645.

Make checks payable to: Breast Cancer Research Foundation.

BCRF’s federal tax identification number is 13-3727250.

Please mail checks to:

Breast Cancer Research Foundation
28 West 44th Street, Suite 609
New York, NY 10036

What are the benefits of a donor-advised fund (DAF)?

DAFs come with a whole host of benefits for donors, which is why they’ve exploded in popularity. Among their benefits:

• Up-front tax deduction: When donors give to their DAF, they receive an immediate tax deduction even if they don’t yet distribute the funds to a nonprofit.
• Flexibility: Donors can then recommend grants to nonprofits from the DAF at any time.
• Tax-free growth: Any funds contributed to a DAF can be invested. All earnings grow tax-free, powering more support for charity.
• Simplicity: DAF providers generally keep track of grants and contributions, saving donors time and effort at tax time.
• No minimum payouts: Unlike private foundations, DAFs are not required to pay out a minimum of five percent.