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What is a donor-advised fund?

 

A donor-advised fund (DAF) is like a charitable investment account that is set up for the sole purpose of supporting charities. Individuals can contribute cash, stocks, or other assets into the DAF and receive an immediate tax deduction. Those funds are invested for tax-free growth, and the individual can recommend donations to charities of their choice over time.

Donor-advised funds are the fastest-growing charitable giving vehicle because they are the easiest and most tax-savvy way to give to charities like "Biz Markie's Just a Friend Foundation."

 

 

 

 

 

 

 

 

 

 

How does a donor-advised fund work?

To establish the fund, an individual makes an irrevocable tax-deductible contribution (cash, stock, real estate, etc.) to a sponsoring organization, community foundation, or financial institution. Individuals receive a tax receipt and tax benefits when funds are deposited into their DAF. The DAF sponsoring organization oversees those funds as they grow tax-free. The assets within the fund now legally belong to the sponsoring organization, but the DAF account holder retains advisory privileges over disbursements made from the DAF, in addition to the investment strategy.

DAF account holders can recommend single or recurring donations to charitable organizations. Funds in a DAF can only be used to support organizations that are tax-exempt 501(c)(3) and classified as public charities under 509(a). Once the DAF sponsoring organization approves, the recommended donation is made to the qualified charitable organization, such as "Biz Markie's Just a Friend Foundation."

 

 

 

 

 

 

 

 

 

 

 

 

 

 

What are the benefits of giving through a donor-advised fund?

  1. Support a charity you believe in through strategic giving, over time.

  2. Maintain family involvement in charitable decisions.

  3. Create a lasting legacy.

  4. Take advantage of immediate tax benefits with the ability to distribute funds later.

  5. Consolidate all your charitable giving.

  6. Ensure that you meet and/or exceed standard deductions by combining donations of stock to a DAF.

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Three Reasons to Invest in

Biz Markie's Just A Friend Foundation

Your donation plays a crucial role in driving these initiatives forward and positively impacting the lives of those in need. Join us in making a meaningful difference and building a brighter future for children and families in vulnerable situations. Together, we can uplift communities and empower those who need it most.

Biz Library

Empowering Children in Foster Care

By investing in Biz Markie's Just A Friend Foundation, you are directly supporting children in the foster care system. Your donation helps provide essential resources such as clothing, school supplies, and mentorship programs, enabling these children to have a brighter future and a chance to succeed.

Combating Food Insecurity 

Your contribution makes a significant impact in the fight against food insecurity. The foundation operates food banks and collaborates with local organizations to provide free meals and groceries to families facing hunger. Your support ensures that no child or family goes hungry, fostering healthier and more resilient communities.

Leveraging the Influence of a Music Icon

Tara Hall, the widow of the renowned rapper and founder of the foundation, has a vast influence and a passion for making a difference in the lives of others. By investing in this foundation, you align yourself with the vision and values of the family of a music icon, making a collective effort to create positive change in society.

Maximize Your Philanthropy with Donor-Advised Funds (DAF)

and Support Biz Markie's  Just A Friend Foundation!

At Biz Markie's Just A Friend Foundation, we believe in the power of collective giving and its profound impact on the lives of children in the foster care system and families facing food insecurities. By contributing through your Donor-Advised Fund (DAF), you have the unique opportunity to magnify your support and make an even greater difference in the lives of those in need.

 

 

 

 

Join us in our mission to transform lives and create lasting change for those facing adversity. By directing your Donor-Advised Fund towards Biz Markie's Just A Friend Foundation, you become part of a movement that uplifts communities and brings hope to those who need it most.

Make your compassionate investment today and be a catalyst for positive change. Together, we can create a brighter future for children and families in need, one step at a time.

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Recommend a Donation

Through DAF Direct

Don't see your fund? Tell Us Yours

Thanks for submitting!

Work directly with your

sponsoring organization

Please make checks payable to:

  Biz Markie's Just A Friend

  EIN: 87-1780792

  4500 Forbes Blvd., #200

  Lanham, MD 20720

 

In order to acknowledge your generous gift, please provide your name and/or fund name and address.

 

For those who wish to electronically transfer funds to the Biz Markie's Just A Friend Foundation, donations may be sent via wire transfer. Please reach out to WireDonations@bizmarkiesjustafriend.org for wiring instructions.

Have You Already Made A Gift to Biz Markie's

Just A Friend Foundation From Your DAF?

If you've already made your gift to the Biz Markie's Just A Friend Foundation, thank you!

To ensure we're able to thank you properly, please complete the following form:

Thank You For
Support Our Cause
Your efforts are greatly appreciated

Thank you for helping us make a difference!

Give In Other Ways

Our mission relies on the generous support of philanthropists like you. Your gift can have a remarkable impact, and there are multiple meaningful ways to back this vital work. There is no wrong way to contribute, and every form of support is highly valued. Your involvement will make a significant difference in advancing our objectives. Thank you for being an essential part of this endeavor.

INDIVIDUAL RETIREMENT ACCOUNTS (IRA'S)

STOCK DONATIONS

OTHER WAYS TO GIVE

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A Tax-Saving Way to Help BIZ MARKIE'S JUST A FRIEND Foundation

Make a difference today and save on taxes. It’s possible when you support Biz Markie's Just A Friend Foundation through your IRA.

A Special Opportunity for Those 70½ Years Old and Older

You can give any amount (up to a maximum of $100,000) per year from your IRA directly to a qualified charity such as Biz Markie's Just A Friend Foundation without having to pay income taxes on the money. Gifts of any value $100,000 or less are eligible for this benefit and you can feel good knowing that you are making a difference at the Foundation. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short.

 

 

Why Consider This Gift?

  • Your gift will be put to use today, allowing you to see the difference your donation is making.

  • Beginning in the year you turn 73, you can use your gift to satisfy all or part of your required minimum distribution (RMD).

  • You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.

  • Since the gift doesn’t count as income, it can reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.

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