DAF

 Donor-Advised Funds (DAFs)

A donor-advised fund (DAF) is like a charitable savings account. It lets you enjoy tax benefits while giving you the flexibility to choose how much and how often you want to donate to your favorite nonprofits—like ESS!

What are the perks of giving through a DAF?

  • Immediate Tax Benefits: You can claim a tax deduction for your donation in the year you contribute to the DAF, even if you don’t donate the money to a nonprofit right away.

  • No Capital Gains Tax on Appreciated Assets: Donating appreciated assets (like stocks or real estate) to a DAF allows you to avoid paying capital gains tax on the appreciation.

  • Tax-Free Growth: Assets in a DAF grow tax-free, potentially increasing the amount available for future charitable giving.

  • Convenience: You can contribute to a DAF using cash, stocks, mutual funds, or other assets, and easily manage your charitable giving with centralized records and online tools. There are no transaction fees, so 100% of your donation goes to the nonprofit.

How to make a DAF donation to ESS online

  1. Login to your DAF portal, search by Tax ID/EIN: 36-3482714, and select Experimental Sound Studio

  2. Confirm address and contact information: 5925 N Ravenswood Ave, Chicago, IL 60660, Olivia Junell, olivia@experimentalsoundstudio.org, 773-998-1069

  3. Enter the donation amount and frequency

OR

DAF Organizations

ESS can receive gifts from DAF-sponsoring organizations (such as community foundations or financial services companies) across the country. Links to some common DAF portals are listed below for your convenience:

 

If you have any questions about giving to the ESS through your DAF, please email Olivia Junell. Thank you for your support!