Donor-Advised Fund Giving
WHAT IS A DONOR-ADVISED FUND (DAF)?
A donor-advised fund (DAF) is an investment account with the sole purpose of supporting charitable organizations you care about. When you contribute cash, securities, or other assets to your DAF, you’ll enjoy an immediate tax deduction — and easily support Ballet West and other charities that matter to you, on your schedule.
You can make one-time gifts or set up recurring monthly donations and give to each of your preferred nonprofits, all from a single DAF.
DAFs are the fastest-growing charitable-giving vehicle in the United States because they are one of the easiest and most tax-advantageous ways to give. In addition to providing financial support to charities, DAFs can provide immediate income tax deductions for donors, as well as potentially reduce capital gains taxes and estate taxes.
If you include the Ballet West in your DAF plans, here is the relevant information:
Ballet West 52 West 200 South, Salt Lake City, UT
Federal tax ID number: 26-2567808
DAF Day is October 9, 2025!
You can commit funds from your DAF any time of year, but DAF Day is a new kind of giving day. A collaborative group of leading nonprofits, fundraising platforms and DAF providers are coming together to activate our collective audience of millions of donors for a single day on unprecedented generosity.
Approximately 37% of DAF accounts go unused every year, and maybe this day will help change that! If you have a DAF, we hope you will join in the movement and commit 10% of your DAF to organizations you care about on Oct 9. Sign up here and mark your calendar for Oct 9.
Still learning about DAFs? Here is an example of how they work:
Shannon and Alex want to give back to their hometown by putting their money where it will do the most good. They establish a $25,000 donor-advised fund with a community foundation (or you can also set it up through your preferred financial institution).
The couple receive a federal income tax charitable deduction for the amount of the gift. They also get the time they need to decide which charities to support.
After researching community needs with the foundation’s staff, Shannon and Alex recommend grants for Ballet West (which they’ve supported for years) and a local environmental group. The Community Foundation of Utah presents the charities with checks from the Clark Fund, which Shannon and Alex named in honor of their son. They name Ballet West as the beneficiary to receive the account balance after their lifetimes. Shannon and Alex are delighted to start this personal legacy of giving.
What are the benefits of using a DAF?
· Easily contribute a wide range of assets to a single, philanthropic fund.
· Centralize your giving and record-keeping in one location.
· Make an impact in the world — and enjoy an immediate tax deduction.
· Sustain the charities most important to you by establishing recurring DAF gifts.
· Eliminate capital gains on donated stock.
· Invest your donation for tax-free growth.
· Support your legacy planning — many DAF sponsors allow you to pass the remaining funds in your account at your death to your favorite charities.
· Start a legacy of giving — involve your children and discuss why giving is important to you.
Do you have questions we might be able to answer about DAFs?
Please contact Angela:
Ms. Angela Krull
Director of Major Gifts and Corporate Sponsorships
akrull@balletwest.org | 801.869.6931