"Elizabeth and I are pleased to support parks and everything that parks do for Fairfax County citizens!" Thomas Chennikara, FCPF Donor Advised Fund contributor for Burke Lake Park and the Stewardship Education Center
Donors with appreciated stock, real estate, works of art, shared business interests, cash, or other assets may find creating a Donor Advised Fund (DAF) a convenient and tax-efficient way to make charitable donations. The DAF offers flexibility, an additional level of anonymity, legacy planning, and allows families to pool philanthropic decisions.
A donor establishes a Donor Advised Fund by making an irrevocable, tax-deductible donation to a nonprofit foundation of a financial company operated by Vanguard, Fidelity, Schwab Charitable or other similar entity. Such contributed funds may be tax-deductible in the year of the initial donation. The funds are held and invested until the donor ‘advises’ the Fairfax County Park Foundation or other approved charity to receive a grant from the fund.
DAF contributions provide a flexible, low-cost method of supporting the Park Foundation’s work. Designated gifts will be used only for park programs that are specified by the donor.
Donors are also encouraged to name the Fairfax County Park Foundation as the beneficiary of the DAF in your estate and legacy planning.
To learn more about the process to create a Donor Advised Fund, consult your financial advisor.
For more information or to inform us of your nomination of The Fairfax County Park Foundation, Tax ID # 54-2019179 through a Donor Advised Fund, contact:
Roberta A. "Bobbi" Longworth, Executive Director
Fairfax County Park Foundation
12055 Government Center Parkway, Suite 404
Fairfax, VA 22035
703-324-8581
Email Roberta.Longworth@fairfaxcounty.gov
This information is not intended as tax or legal advice. Please consult with your attorney or financial advisor.