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Donor Advised Funds (DAFs)

Your gift to The Cradle will resonate for years alongside thriving children, strong families and empowered communities. Thank you for your generous support and belief in our mission.

What is a DAF?

A donor advised fund, or DAF, is like a charitable investment account. DAFs allow donors to contribute funds, receive an immediate tax deduction, invest those funds for tax-free growth, and then recommend grants to charities over time.

How It Works

  • Open a DAF with a community foundation, financial services firm or other sponsoring organization. Some DAFs require a minimum contribution to open an account.
  • Name a successor to continue to recommend grants after your lifetime, or you can name a charity as a beneficiary to receive all or part of your account.
  • Make contributions to your fund at any time. In addition to cash, other types of assets like securities and real estate are also commonly accepted and are not subject to capital gains tax when donated to a DAF
  • Qualify for a charitable tax deduction for each gift you make to your DAF.
    Contributions are invested tax-free by the sponsoring organization until you are ready to give. Many sponsors provide a portfolio of investment options for you to choose from.
  • Make recommendations to your DAF sponsor that various amounts be distributed to charitable organizations of your choice, such as The Cradle.
  • Donations distributed from DAFs (but not donations to DAFs) may be eligible for employer gift matching.

Supporting The Cradle via DAF

To support The Cradle through your DAF, please contact your sponsor and request a grant using our legal name and federal tax ID below. Clients of Fidelity Charitable, Schwab Charitable and BNYMellon can request a distribution through DAF Direct.

Legal name: The Cradle Foundation
Address: 2049 Ridge Avenue, Evanston, IL 60201
Federal tax ID: 45-0506764

Note: Many DAF sponsors do not disclose the name or contact information of the individual donor when disbursing a grant. To help us properly acknowledge your generosity, please contact us at cradlefoundation@cradle.org or 847-733-3227 when giving through your DAF.

The Cradle Foundation is a 501c(3) nonprofit organization created in 2003 to raise and manage funds in support of The Cradle’s programs and services. The Cradle Foundation’s Federal Tax Identification Number is 45-0506764.