Considering opening one to maximize impact of charitable giving. Looking for a discussion around a few specific things:
- If I go to a banquet for a charity and want to buy something at an auction, could the DAF be used for that? Would it just be up to the charity on whether they'd want to wait to have X amount of funds transferred?
- To accomplish the same as above, and for other situations (like church giving), is it possible to get a checkbook from your DAF?
- How do the funds work with something like the 12th Man Foundation and buying season tickets? I assume you can only use the funds for the donation portion of it?
- Can you donate appreciated stock INTO the DAF?
- In your experience do charities mind these that much? Seems like it might be a bit of hoops to jump through if you are just making a small donation.
- Any preference on providers? Seems like Fidelity and Schwab are the most common.
- If I go to a banquet for a charity and want to buy something at an auction, could the DAF be used for that? Would it just be up to the charity on whether they'd want to wait to have X amount of funds transferred?
- To accomplish the same as above, and for other situations (like church giving), is it possible to get a checkbook from your DAF?
- How do the funds work with something like the 12th Man Foundation and buying season tickets? I assume you can only use the funds for the donation portion of it?
- Can you donate appreciated stock INTO the DAF?
- In your experience do charities mind these that much? Seems like it might be a bit of hoops to jump through if you are just making a small donation.
- Any preference on providers? Seems like Fidelity and Schwab are the most common.