With a donor-advised fund (DAF), you can make a gift now, receive a current income tax deduction, and retain the flexibility to recommend gifts later when the time is right.

You may find that using a DAF provides a simple, meaningful way to benefit Timothy Two and other charities you support. Consider the following:

• You establish a DAF with a single donation and can make additional donations later if you wish. Most DAFs will accept assets beyond cash and securities, sometimes including real estate, cryptocurrency, or closely held stock. 

• The donor-advised fund then owns those assets and administers the fund—you no longer need to manage the money.

• This arrangement allows you to qualify for an immediate charitable income tax deduction for the amount contributed to the DAF, even though the money hasn’t been distributed to charity yet.