Can I direct the DAF grant to a specific campus or program?

Yes, simply specify your preferred community or initiative (e.g. Benevolent Care, Employee Support) when recommending the grant.

Do I lose control of the funds once I send them to my DAF?

No, you maintain advisory privileges over when and to which charities the funds are granted.

When do I get the tax deduction?

Generally, you receive the deduction when you fund the DAF, not when you recommend individual grants.

Can I combine this with other gift planning strategies?

Absolutely, many donors use DAFs alongside wills, trusts, and other giving vehicles to shape their full legacy plan.

Donor-Advised Funds

Make an Impact with Your Donor-Advised Fund

Giving through a Donor-Advised Fund (DAF) is a simple, flexible, and powerful way to support BHI Foundation now, and direct your legacy over time.

How to Get Started

Important Legal Information

Legal name
BHI Foundation, Inc
Address
8330 Allison Pointe Trail, Indianapolis, IN 46250
Tax ID
(EIN) 35-1680796
The BHI Foundation is a 509(a)(3) supporting organization; contributions are tax-deductible under U.S. and Indiana law.

Why a DAF Might Be Right for You

Effortless giving – no need to transfer assets or manage the gift yourself
Flexibility in timing – you decide when to recommend grants
Targeted impact – direct funds to what matters most (campus, program, etc.)
Tax-advantaged – you got the deduction when you funded the DAF, so subsequent grants are often simpler

How do I give to my community through a donor-advised fund?

If you have a DAF, you can help provide lifelong security, compassionate care, and enriching programs for older adults in your community by recommending a grant from your donor-advised fund to your community via the BHI Foundation.

Recommend a grant from your DAF through your fund administrator
You can recommend a gift to the BHI Foundation by contacting your fund administrator. When recommending the gift, you can specify the community, program, or initiative you want to support (e.g. Resident & Community Enrichment, Employee Education, Benevolent Care or Capital improvements).
Set up recurring grants from your DAF
You can set up recurring grants to help sustain the mission of the BHI Foundation. This can be done online or by contacting your fund administrator and choosing your grant frequency.
Name the BHI Foundation as the beneficiary of your DAF
You can help continue the mission of the BHI Foundation after your lifetime by naming it as the beneficiary of your DAF. Simply contact your fund administrator to do so.

How to Get Started

If you’re considering a DAF and want to explore whether it’s right for you, we’re here to help:

Major & Planned Giving Office

765-543-3289

info@bhifoundation.org

How to Get Started

Contact your DAF administrator.
Recommend a grant to BHI Foundation using the legal details above.
If you’d like the grant directed to a particular BHI community or program, include that in your recommendation.
Let BHI’s Major Gifts team know your grant is coming so we can acknowledge it appropriately.

We are here to help. Please reach out to:

Major & Planned Giving Office

765-543-3289

info@bhifoundation.org

Frequently Asked Questions

Donor-advised funds (DAFs) are a type of charitable fund that organizations and individual donors can contribute as a way to benefit philanthropic goals. They provide an immediate tax benefit to you and allow you to recommend grants to your favorite charities.

DAFs are the fastest-growing charitable giving tool in the U.S., providing an easy and tax-advantageous way to support your favorite causes. These charitable accounts empower donors to give as often as they wish to the nonprofits they care about.

DAFs can be a sensible alternative to private foundations, providing flexible giving strategies with minimal overhead for you as a donor.

DAFs are run by third-party organizations, classified as Section 501(c)(3) organizations. These sponsoring organizations are typically community foundations or public charities. However, some large investment firms may also sponsor DAFs, such as Vanguard and Charles Schwab.

You can donate multiple types of assets to a DAF, including cash, real estate, investments or other noncash assets.

When you contribute to a DAF, you donate to the organization sponsoring the donor fund, not to a charity directly. However, donors to DAFs can recommend the money pooled within the donor fund go to particular charitable organizations, as part of their advisory privileges.

The DAF then acts as a charitable giving vehicle for its donors, and each donor can immediately deduct the full amount of the donation from their taxes for the current tax year.

DAFs are tax-efficient giving accounts and offer many of the same benefits as other philanthropic giving options. Some of these benefits may include:

Avoid paying capital gains tax on long-term appreciated assets held for more than a year
Get an immediate tax deduction for the fair market value of the gift, up to specified limits
Easily contribute a wide range of assets
Consolidate all your charitable giving
Support a charity you believe in through strategic giving over time
Create a generational legacy
Influence your DAF’s charitable gifts and your investment options, without the effort or funds required to run a private foundation

When you open a donor-advised fund, you receive an immediate tax deduction for your contribution, up to 60% of your adjusted gross income.

If you donate assets to your donor-advised fund, you can deduct the fair market value (FMV) of long-term appreciated assets held more than 1 year, up to specified limits.

When you grant through your donor-advised fund, those grants are not tax deductible, given that those funds have already been deducted from your taxes when you gave to your DAF.