How to Recommend a Gift to Shelburne Farms
- Request a grant distribution through your Donor Advised Fund sponsor.
- Be sure to use Shelburne Farm’s EIN #03-0229347
- Indicate whether your gift is for annual support or for a specific project.
If your Donor Advised Fund financial institution is below, one click will take you there.
Donor Advised Funds Frequently Asked Questions
What is a Donor Advised Fund?
A donor-advised fund, or DAF, is an investment account that is used for charitable giving. Donor-advised funds are considered the fastest-growing charitable giving vehicle in the United States. DAFs can be relatively inexpensive to create and maintain, while also offering donors some ability to manage their tax situation through giving. DAFS are funded by donations made by individuals and administered by a third party sponsoring organization. A donor advised fund offers an immediate tax relief and allows you to support your favorite charities immediately or over time.
How does a Donor Advised Fund work?
A donor makes an irrevocable gift to a donor-advised fund and receives a tax deduction for the year the gift is made. Once the contribution is made, the sponsoring organization has legal control over the funds and the donor can make grant recommendations to the charity of their choice.
Are there any rules to owning a Donor Advised Fund?
The IRS has specific guidelines around the kinds of organizations that are eligible to receive grants as well as the purposes these grants can serve. For example, grants can only be made to qualified charities and cannot be made to a person, or the donor cannot receive more than an incidental benefit, so it cannot be used for the admission price for an event such as a benefactor dinner.
What’s the difference between a Donor Advised Fund and a direct donation?
The DAF donor receives tax documentation from the sponsoring organization of the DAF while a direct donor receives tax documentation from the charity.
Is there a tax deduction for Donor Advised Funds?
Yes, the DAF donor receives tax documentation from the sponsoring organization of the DAF.
What is Shelburne Farms' Tax ID number and mailing address?
Shelburne Farms Tax ID # 03-0229347. Address: Shelburne Farms, 1611 Harbor Road, Shelburne VT 05482.