• Wade_Rogers_Forum_Moderator

    July 13, 2023 at 7:30 am

    Thanks for posting this Mark! The caveat in item 4 is a little known wrinkle regarding the use of a DAF to pay down a donor pledge, which is prohibited by the IRS since the donor already took the deduction when paying into the DAF.

  • carolcareaccountingservices-com

    July 19, 2023 at 8:48 am

    Great article on DAFs. Claire Axelrad’s legal background helps her explain this complex area. Another interesting caveat is that a DAF cannot be used to make a “bifurcated payment” such as for a ticket to a fundraiser that includes a tax-deductible gift and a portion for non-deductible donor benefits, such as the value of a meal.