Donor Advised Funds (DAF)

Donor Advised Funds (DAF) allow many of the advantages of a private foundation without all the costly legal and accounting fees. In other words, a DAF is similar to an "account" within the Uplift Life Foundation that will allow you the opportunity to make multiple charitable donations through one fund. This can be especially helpful if you have received some type of windfall, such as profit from the sale of a business. You may desire to make a charitable gift in a particular year for tax purposes. However, you may not want to distribute the entire gift immediately. A DAF allows you to make multiple distributions from the fund, similar to a private foundation.

All distributions from the fund are based on the requests of the donor. However, in order to protect our tax-exempt status, the IRS requires that all donations to the Uplift Life Foundation be considered as the sole property of the Foundation and subject to its authority and control. This means all distributions must be approved by the Foundation to determine whether or not the distribution request meets all the standards set forth by the IRS and is consistent with the ministry objectives of Uplift Life.