A donor-advised fund (DAF) is a convenient and easy way to organize your charitable contributions. A DAF gives you the flexibility to recommend how much and how often money is granted to the Morgridge Institute for Research and other non-profit organizations.
Setting up a DAF qualifies you for a federal income tax charitable deduction when you contribute to the fund — without immediately having to choose the non-profit organizations you want to support.
How it works
You open a DAF with a community foundation, financial services firm, or other sponsoring organization.
Some DAFs require a minimum initial contribution. You may make contributions to your DAF at any time. For each contribution, you qualify for a federal income tax charitable deduction.
As the money in your DAF is waiting to be distributed, the sponsoring organization invests that money and collects interest.
You make recommendations for various amounts to be distributed to charitable organizations of your choice, such as the Morgridge Institute for Research.
You can also name your loved ones as your successor to continue to recommend grants to charitable organizations, or you can name the Morgridge Institute for Research as a beneficiary to receive all or part of your remaining account balance after your lifetime.
Giving a gift to the Morgridge Institute for Research
Be sure to use our legal 501(c)(3) name, “Morgridge Institute for Research Foundation” and Federal Tax ID: 82-2760376 when recommending a grant from your DAF.
Funds should be distributed to our address, 330 N Orchard St, Madison, WI 53715.
Ask your sponsoring organization to include your name and address on the check sent from the fund so that we can properly thank you and share the impact of your support for the Morgridge Institute.
Designating a Beneficiary
You can also choose to have any remaining donor-advised funds distributed to the Morgridge Institute for Research after your lifetime by naming the Morgridge Institute for Research Foundation as a beneficiary of all or a portion of remaining funds. If you choose to do so, please use our legal name, “Morgridge Institute for Research Foundation” and Federal Tax ID: 82-2760376 when you create your DAF, or contact your fund administrator to complete a change form.