A service for Cornell alumni and friends, the Cornell University Foundation—A Donor Advised Fund is a convenient and cost-effective option for individuals who make substantial gifts to charity and have a number of philanthropic interests. It offers an alternative to commercial charitable gift funds or the legal complexities and expense of operating a private foundation.
Once an account is established with contributions, donors advise Cornell of gifts they would like to make to eligible charities. The university handles all payments and administration, providing full documentation to donors and the charitable organizations that benefit from their gifts.
A donor can establish a DAF account with a gift of $100,000 and has the option to make additional contributions whenever they wish. For accounts under $500,000, at least 50% of the gift must be designated over time to Cornell University programs, with the remaining balance available to other charitable organizations. For accounts greater than $500,000, 25% must be allocated to Cornell. For accounts greater than $1,000,000, there is no minimum Cornell allocation. In return for their gift, the donor is eligible for a tax deduction for the full value in the year your gift is made, subject to IRS guidelines; and will receive gift credit for the portion of your gift allocated to Cornell, and an invitation to join the Cayuga Society.
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We are here to help you better understand the options that are available to you. Please contact our office to learn more about our Donor-Advised fund.