Donor Advised Funds (DAFs)
You can support directors with an easy, tax-smart gift from your donor advised fund. Invest in the future of theater in just a few simple steps!
The Drama League is an eligible 501c3 nonprofit organization and can receive distributions from most donor-advised funds.
- Our tax identification number is 13-6160961
- Our mailing address is:
Drama League of New York, Inc.
PO Box 2001
New York, NY 10013
There is an urgent need in the theater community for the resources we offer to help directors accelerate their career development and sustainably support themselves in the arts. Make a gift through your DAF today to support emerging artists.
Make a donation through DAF Direct
DAF Direct enables you to donate to the The Drama League directly from your DAF.
Work directly with your sponsoring organization
If your DAF sponsoring organization does not participate in DAF Direct, please have your sponsoring organization direct your gift to the address above.
In order to acknowledge your generous gift, please provide your name and/or fund name and address.
For those who wish to electronically transfer funds to The Drama League, gifts may be sent via wire transfer. Contact Helen O’Rourke at 212-244-9494 x105 or helen@dramaleague.org for more information.
What is a donor-advised Fund?
A donor-advised fund (DAF) is a charitable investment account that is set up for the sole purpose of supporting charities. You can contribute cash, stocks, or other assets into the DAF and receive an immediate tax deduction. Those funds are invested for tax-free growth, and you can recommend donations to the causes you care about over time. Through your DAF, you can make a one-time donation or set up a recurring gift.
Donor-advised funds are the fastest-growing charitable giving vehicle because they are the easiest and most tax-advantageous way to give to charitable organizations like The Drama League. If supporting emerging artists is important to you, a recommended donation to The Drama League can help you fulfill your philanthropic goals.
How does a donor-advised fund work?
- To establish the fund, an individual makes an irrevocable tax-deductible contribution (of cash, stocks, real estate, or other assets) to a sponsoring organization, community foundation, or financial institution. Individuals receive a tax receipt and tax benefits when the funds are deposited into their DAF.
- The DAF sponsoring organization oversees those funds as they grow tax-free.
- The assets within the fund now legally belong to the sponsoring organization, but the DAF account holder retains advisory privileges over disbursements made from the DAF.
- DAF account holders can recommend single or recurring donations to eligible charitable organizations. Funds in a DAF can only be used to support organizations that are tax-exempt 501(c)(3) and classified as public charities under 509(a).
- Once the DAF sponsoring organization approves, the recommended donation is made to the qualified charitable organization, such as The Drama League.
What are the benefits of giving through a donor-advised fund?
- Support a nonprofit you believe in through strategic giving, over time.
- Easily convert a variety of assets into charitable gifts
- Maintain family involvement in charitable decisions.
- Take advantage of immediate tax benefits with the ability to distribute funds on your schedule.
- Eliminate capital gains tax on donated stock.
- Consolidate all your charitable giving in a manageable way that is easy to track.
- Ensure that you meet and/or exceed standard deductions by combining donations of stock to a DAF.
- Support your legacy planning—many DAF sponsors allow you to pass the remaining funds in your account at your death to your favorite charities.