Sunday, April 24, 2022 | Special Advertising Section 1 R 4 donors to support specific IRS-qualified causes over time while taking an immediate tax deduction. Wiley says a typical donor who’d use a DAF is a professional who is eyeing their long-term earnings as well as their tax liabilities. “Say you’re a mid-level Amazon [executive] with a salary of $150,000 and 500 shares over five years,” she says. “As that stock vests, it will often result in significant cash events, along with notinsignificant capital gains.” The challenge for nonprofits Nationally, fewer people are giving to nonprofit organizations, a trend that Wiley attributes to decreasing membership in religious organizations, a shrinking middle class and the decline of workplace fund-drive campaigns. Despite the national trend, the Puget Sound region is particularly fertile soil for nonprofits, Wiley says, because of its high concentration of affluent professionals and its progressive social climate. GIVING GUIDE Seattle Foundation, a local network that works with philanthropists to maximize the impact of their donations, offers this primer on donor-advised funds. Specific policies vary from provider to provider. • Donors may choose to remain anonymous, either entirely or on a grant-bygrant basis. • Family philanthropy can be accomplished throughout the donor’s lifetime, as well as by naming children and grandchildren as successor advisors to continue the family’s legacy of giving. • In addition to cash and publicly traded securities, gifts of complex assets — such as real property, closely held business interests or cybercurrency — receive beneficial tax treatment, as DAFs are component funds of public charities. • DAFs can participate in impact investments, which generate investment returns while also creating a positive social or environmental impact. Community foundations specialize in place-based impact investing. 5 things to know about DAFs For Griffin’s part, she sees challenges as well as hope. “Living through a pandemic has opened many people’s eyes to the nuances of inequitable resourcing in our country,” she says. “If we raise children to have empathy for others, they will not wait until they are in need to understand why helping is essential.” Journey Continued from page 2 COURTESY OF NYKEESHA GRIFFIN Nykeesha Griffin says she instills a giving spirit in her two teenage daughters by giving volunteer hours and financial support to her favorite nonprofits. “I’m BLIND & am President & CEO of an organization that employs over 250 people who are blind.” - George Abbott Learn more about how to engage & support ■ LHBlind.org
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