Donor-Advised Funds

Recommending a grant to Luther College through your Donor-Advised Fund (DAF) is simple.

Each organization will have the appropriate forms to complete these donations, which you can usually access through an online portal or working with your fund adviser. Your sponsoring organization can then complete the transaction to distribute funds to Luther College.

Information to Make a Donor-Advised Fund Gift

Legal Name: Luther College

Federal Tax ID: 42-0680466

Mailing Address:

Development Office
Luther College
700 College Drive
Decorah, IA 52101

Designation of Gift: The Luther Fund, etc.

If you have questions about the information you need to provide to the sponsoring organization of your Donor-Advised Fund, please call us at 1-800-225-8664.

What is a Donor-Advised Fund?

Donor-Advised Fund (or DAF) giving has become more popular for individuals and families that want to benefit multiple charities throughout the year and for extended periods of time.

A Donor-Advised Fund is a separately managed fund that is maintained and operated by a sponsoring public charity, such as Fidelity Charitable, Schwab Charitable Fund, Vanguard Charitable, or a community foundation. It allows donors to make a charitable contribution, receiving an immediate tax deduction, and then recommend grants from the fund over time. Donors can contribute to the fund as frequently as they like, and then recommend grants to their favorite charities whenever it makes sense for them.

In addition to offering ease of administration, a Donor-Advised Fund offers the opportunity to create a low-cost, flexible way to diversify your philanthropy without the expense of creating a private foundation.

What are the restrictions on recommending a DAF distribution?

A DAF distribution is subject to IRS charitable contribution restrictions. A recommendation for a distribution from a DAF will likely not be approved by the sponsoring organization if any portion of the gift will be used to provide more than incidental benefits. For instance, DAF grants cannot be used to pay for tickets to a fundraising event, gala dinner, or golf tournament.