ICAST partners with Triple Bottom Line Foundation to help impact investors create Donor Advised Funds with emphasis on triple bottom line impacts and sustainable solutions.
What is a Donor Advised Fund?
A Donor Advised Fund (DAF) is a philanthropic vehicle established at a public charity. It allows donors to make a charitable contribution, receive an immediate tax benefit, and then recommend grants from the DAF over many years to come.
What can be donated to a DAF?
Donors most commonly contribute appreciated assets like stocks, mutual funds, or real estate. Other assets could include bequests, proceeds from insurance policy, or named beneficiary of an IRA or 401(k) retirement account. Cash can also be donated.
What is the triple bottom line?
Projects satisfy the triple bottom line standard when they result in social, environmental, and economic benefits. DAFs allow strategic philanthropists/investors to finance green rehabilitation projects for multifamily affordable housing that provide the following triple bottom line benefits: