A donor-advised fund (DAF) is a type of giving program that allows you to easily support your favorite charities. You may also be eligible for certain tax benefits. An increasingly popular charitable vehicle, DAFs are an excellent way to both simplify your charitable giving and facilitate your strategic philanthropic goals. You can make a gift to MIT through an existing DAF or establish one at MIT!
MIT Donor-Advised Fund
An MIT Donor-Advised Fund (DAF) allows donors to establish a charitable account maintained and managed by MIT from which donor-advised distributions can be made from time to time to MIT, as well as to other charitable organizations.
For a confidential discussion about an MIT DAF, contact Amy Goldman, Senior Director of Gift Planning, at 617.715.2932 or goldmana@mit.edu or Michelle Rhodes, Associate Director, Planned Giving at 617.324.7591 or mrhodes@mit.edu.
-
What are the main advantages of an MIT DAF?
-
- Invested in the MIT endowment (Pool A) with no administrative fees
- Flexibility to make grant recommendations
- Ability to maintain anonymity and privacy
- Elimination of the need for an administrative or family office
- Significantly lower expenses
- Potentially qualify for tax benefits
-
Who can establish a DAF?
-
Any individual, trust, corporation, estate, or private foundation may establish a DAF account with MIT. Donors who do not file income taxes in the United States will be reviewed in line with our gift acceptance policies for international donors.
-
What kinds of gifts does MIT accept to establish an MIT DAF?
-
An MIT Donor-Advised Fund may be opened with a gift of $1 million or more. MIT will accept gifts of cash and marketable securities and, at its discretion, may accept other types of assets.
-
What is the difference between an MIT DAF and a private foundation?
-
In looking to give a charitable contribution, donors may contemplate the difference between an MIT DAF and a private foundation. View this comparison chart to see key differences between these two giving vehicles.
Non-MIT Donor-Advised Funds
If you already benefit from donor-advised funds and would like to send a gift to MIT, please make checks payable to Massachusetts Institute of Technology and mail to the following address:
Massachusetts Institute of Technology
P. O. Box 412926
Boston, MA 02241-2926
MIT’s tax identification number is 04-2103594.
Alternatively, if your donor-advised fund is with Fidelity, Schwab, or BNY Mellon, you may recommend a gift to MIT via DAFDirect.