AÂ donor-advised fund is a charitable giving vehicle that allows individuals, families or corporations to make charitable contributions, receive an immediate tax deduction, and then recommend grants to charities over time. DAFs are administered predominantly by financial institutions, such as Fidelity Charitable, Schwab Charitable and others, which manage the funds and ensure compliance with IRS regulations. Â
Two of the key advantages of a DAF are its simplicity and flexibility. Donors can contribute cash, securities or other assets to the fund and take an immediate tax deduction, even if the funds are not distributed to charities right away. This makes DAFs especially useful in years when donors have a high-income event–such as selling a business or receiving a large bonus–but are not yet ready to decide which charities to support. Compared to a private foundation, the cost structure and giving requirements can be better with DAFs. Â
...EXTREME COLD WATCH REMAINS IN EFFECT FROM LATE SUNDAY NIGHT
THROUGH MONDAY MORNING...
* WHAT...Dangerously cold wind chills as low as 3 above possible.
* WHERE...A portion of central Alabama.
* WHEN...From late Sunday night through Monday morning.
* IMPACTS...Frostbite and hypothermia will occur if unprotected skin
is exposed to these temperatures. An extended period of
subfreezing temperatures could cause pipes to burst.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Dress in layers including a hat, face mask, and gloves if you must
go outside.
Keep pets indoors as much as possible.
Make frequent checks on older family, friends, and neighbors. Ensure
portable heaters are used correctly. Do not use generators or grills
inside.
To prevent freezing and possible bursting of pipes they should be
wrapped, drained, or allowed to drip slowly.
&&
