Donor-Advised Funds

A donor-advised fund, or DAF, is a charitable savings account, which gives you the flexibility to recommend how much and how often money is granted to a charity of your choice. When you transfer cash or other assets to a tax-exempt organization such as OMC or OCHF, you receive an immediate federal income tax charitable deduction at the time you contribute to the account.

This allows for a centralized giving and record-keeping system in one location, and it eliminates the cost and complexities of managing a private foundation. In order to take deductions on your annual tax return, you must give by December 31st..

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Already have a Donor Advised Fund?

You can designate annual or quarterly gifts in support of OMC or OCHF. Please contact your fund manager to make a donation or go to dafdirect.org to do this online. For more information, please email Jill Leahy or call 715-294-5727.

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Want to Setup Up a DAF or Donation through your IRA?

To set up a donor-advised fund or donate through your IRA, please contact your fund manager or financial advisor. We would be grateful to honor your giving priorities through your donor-advised fund or IRA. Please email Jill Leahy or call 715-294-5727 to discuss.

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Other Ways to Give Assets

Securities & Mutual Funds: When investment values are up, many donors strategically choose to give appreciated securities, taxable IRA funds (age 70 1/2 or older), and mutual funds/stocks for the tax benefits.

Securities owned for a year or more are eligible for tax deductions for the full current value of the donated securities, not the lesser amount paid for them. In addition, they are not subject to the capital gains tax that they would be if the securities were sold and proceeds were donated as cash.

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Securities, such as stocks, bonds, and money market instruments, should be initiated by your broker in before the close of business on December 29. If you decide to give a gift in the form of a security to OMC or OCHF, please email Jill Leahy for our broker contact information to ensure that the transaction occurs in a timely manner.