Are contributions to a DAF tax-deductible?

Yes! Contributions to your Donor Advised Fund are fully tax-deductible in the year you make them, subject to IRS limits. Generally, you can deduct cash contributions up to 60% of your adjusted gross income and appreciated securities up to 30% of AGI. Because LLF is a public charity, you receive the maximum charitable deduction available. Even though you maintain advisory privileges over how grants are distributed, the contribution is considered a completed charitable gift, making it immediately deductible. We recommend consulting with your tax advisor to understand how a DAF fits into your specific tax planning strategy.