Donor Advised Funds
Simplify Your Giving
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 the Central Pennsylvania 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.
You can also create a lasting legacy by naming the Central Pennsylvania 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.
An Example of How It Works
Frank and Lisa 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 the time they need to decide which charities to support.
After researching community needs with the foundation’s staff, Frank and Lisa recommend grants for Central Pennsylvania Food Bank(which they’ve supported for years) and a local animal shelter. The foundation presents the charities with checks from the Patricia Fund, which Frank and Lisa named in honor of Lisa’s mother. They name the Central Pennsylvania Food Bank as the beneficiary to receive the account balance after their lifetimes. Frank and Lisa are delighted to start this personal legacy of giving.
Next Steps
- If you already have a fund, use our tool below powered by DAF Direct.
- Contact Ash Morley at 717-604-4421 or amorley@centralpafoodbank.org to discuss using your donor advised funds to support the Central Pennsylvania Food Bank and our mission.
- See the advice of your financial or legal advisor.
- if you include the Central Pennsylvania Food Bank in you plans, pleas use our legal name and federal tax id.
Legal name: Central Pennsylvania Food Bank
Address: 3908 Corey Rd., Harrisburg PA, 17109
Federal tax ID number: 23-2202250