How to Support Children’s Miracle Network Hospitals with a Donor-Advised Fund (DAF)
Donor-Advised Funds (DAFs) have emerged as a transformative tool in philanthropy, offering a flexible and tax-efficient way to support causes close to your heart. At Children’s Miracle Network Hospitals, we recognize the profound impact DAFs can have on advancing pediatric healthcare and ensuring every child receives the medical care they deserve. We now offer DAFpay when donating online to allow donors to support us through their DAF in just a few clicks!
Understanding Donor-Advised Funds
A DAF functions similarly to a charitable savings account. You contribute assets, such as cash, stocks, or other investments, when they align with your financial planning. These contributions are tax-deductible at the time of donation and can grow tax-free if invested. When you’re ready, you can recommend grants from your DAF to qualified nonprofit organizations like Children’s Miracle Network Hospitals, allowing you to support the causes that matter most to you.
Benefits of Donor Advised Funds
- Tax Efficiency: Receive an immediate tax deduction upon contributing to your DAF. Additionally, any investment growth within the fund is tax-free, maximizing the potential impact of your charitable dollars.
- Simplicity: DAF sponsors handle all administrative tasks, including record-keeping, disbursements, and tax receipts, allowing you to focus on your philanthropic goals.
- Flexibility: Decide when and how much to contribute to your DAF independently of when you recommend grants, providing strategic control over your charitable giving.
- Legacy Building: Establish a tradition of philanthropy by involving family members in grant recommendations or by naming successors to continue your charitable mission.
Why Choose CMN Hospitals for Your DAF Contributions?
By supporting Children’s Miracle Network Hospitals through your DAF, you directly support critical treatments, healthcare services, pediatric medical equipment, and charitable care for children in your community. Your generosity ensures that local hospitals have the resources they need to provide the best possible care for young patients.
How to Get Started
- Establish a DAF: If you haven’t already, set up a donor-advised fund through a DAF sponsor.
- Contribute Assets: Donate cash, securities, or other assets to your DAF and receive an immediate tax deduction.
- Donate with DAFpay: DAFpay is now available when giving online to distribute DAF funds in just a few clicks!
Join Us in Making Miracles Happen
As donor-advised funds continue to grow in popularity, especially among younger philanthropists, they represent the future of charitable giving. Their accessibility and technological advancements have made managing DAFs more straightforward than ever. By choosing to support Children’s Miracle Network Hospitals through your DAF, you’re investing in the health and well-being of children in your local communities.
For more information or assistance about directing DAF grants to Children’s Miracle Network Hospitals, please contact us at support@cmnhospitals.org. Together, we can change kids’ health and change the future – for all of us.