Donor Advised Fund
Harness the Giving Power of a Private Foundation
A donor advised fund (DAF), which is like a charitable savings account, gives you the flexibility to recommend how much and how often money is granted to Northern Illinois Food Bank and other qualified charities. You can recommend a grant or recurring grants now to make an immediate impact or use your fund as a tool for future charitable gifts.
Take Action! Visit Your Fund
1. Recommend a grant
2. Impact Northern Illinois Food Bank
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You can also create a lasting legacy by naming Northern Illinois Food Bank the beneficiary of the entire account or a percentage of the fund. With a percentage, you can create a family legacy of giving by naming your loved ones as your successor to continue recommending grants to charitable organizations. Contact your fund administrator for a beneficiary form.
Still learning about DAFs? Discover the ease of opening a donor advised fund—plus the advantages you’ll enjoy—with your FREE guide One Stop Giving: The Convenience and Simplicity of Donor Advised Funds.
An Example of How It Works
Joe and Laura* 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.
The couple receives a federal income tax charitable deduction for the amount of the gift. They also get all the time they need to decide which charities to support.
After researching community needs with the foundation’s staff, Joe and Laura recommend grants for Northern Illinois Food Bank (which they’ve supported for years) and the Animal Rescue League. The foundation presents the charities with checks from the Megan Fund, which Joe and Laura named in honor of their daughter. Joe and Laura are delighted to start this personal legacy of giving.
*These examples are for illustrative purposes only, to maintain the privacy of our donors.
- If you already have a fund, use our tool Take Action! Visit Your Fund to connect. No fund yet? Get our free guide.
- Contact Gina Gramarosso at 630-443-6910, ext. 130 or email@example.com to discuss using your donor advised funds to support Northern Illinois Food Bank and our mission.
- Seek the advice of your financial or legal advisor.
- If you include Northern Illinois Food Bank in your plans, please use our legal name and federal tax ID.
Legal name: Northern Illinois Food Bank
Address: 273 Dearborn Court, Geneva, IL 60134
Federal tax ID number: 36-3203648
Get More From Your DAF
Ensure you’ve made the most of your donor advised fund—for your family and for Northern Illinois Food Bank. Download the FREE guide Maximize the Impact of Donor Advised Funds.
Gifts That Pay
Your payments depend on your age at the time of the donation. If you are younger than 60, we recommend that you learn more about your options and download this FREE guide Plan for Retirement With a Deferred Gift Annuity.