Donor Advised Fund (DAF)

What is a Donor Advised Fund (DAF)?

Donor Advised Funds are simply a charitable giving vehicle.

• By contributing to a DAF, the donor can generally take an income tax deduction for the amount contributed.*
• The donor retains the ability to direct the investments in the DAF.
• The donor also retains the ability to decide when, and to what charities, grants are made from the DAF.
• A DAF can simplify charitable donations, provide tax advantages* and help the donor and their favorite charities get the most from their giving.

How Does a Donor Advised Fund Work?

How Can Prosperity Bank Help?

• Prosperity Bank has partnered with Southwest Community Foundation (SWCF) to make setting up and managing a Donor Advised Fund as simple and rewarding as possible for our clients.
• A client wanting to create a Donor Advised Fund will work with a Prosperity Trust Officer to open the fund at SWCF.
• Once the fund is open, when Prosperity is retained as the investment advisor, the Trust Officer will assist the client in making the donation to the fund, and determining what investments are appropriate for the client’s fund.

*Neither Prosperity Bank nor its employees provide legal or tax advice. Clients should consult their own professional advisors.