Davenport Donor Advised Program (DDAP)
DDAP is a donor advised fund that offers increased flexibility for your charitable contributions and allows you to instill the idea of philanthropy in your family for generations to come. DDAP is a program of Renaissance Charitable Foundation Inc. (RCF).
Contact your Financial Advisor to learn more about the Davenport Donor Advised Program.
Donor Advised Fund (DAF)
A DAF is a charitable giving vehicle that allows donors to contribute as frequently as they like and then recommend grants to their favorite charities from their personal fund. The Fund is established through a public charity so donors can receive an immediate tax benefit on their contributions and avoid the capital gains tax on appreciated assets.
Assets you can contribute include: cash, stocks, mutual funds, real estate, closely-held business interests, IRAs, bequests, trust interests, life insurance.
Benefits of a Donor Advised Fund
- Leave a legacy
- Immediate income tax charitable deduction
- Organize your philanthropy
- Pass on your personal charitable assets
- Avoid capital gains
- Build an endowment
- Recommend anonymous grants
Is a DAF right for me?
Do you want to …
- Simplify your charitable giving
- Support multiple worthy charities
- Work with your Davenport Financial Advisor to manage the assets in your DAF
- Give anonymously
Davenport & Company LLC is a financial services firm and does not provide tax or legal advice. Please consult your professional accounting or legal advisors prior to acting on any information provided by us that may have an effect in these areas.The Davenport Donor Advised Program (DDAP) is a donor advised fund program whose sponsoring charity is Renaissance Charitable Foundation (RCF) located in Indianapolis, Indiana. Contributions to the Davenport Donor Advised Program are irrevocable gifts to Renaissance Charitable Foundation, which maintains exclusive legal control over the Davenport Donor Advised Program. Individuals considering a contribution to the Fund should consult their legal and tax advisors regarding deductions, based on their personal considerations.