Understanding Donor-Advised Funds and Their Role in Supporting Digital Rights
EFF Deeplinks
- Donor-Advised Funds (DAFs) act as charitable bank accounts that offer donors tax advantages and investment growth while supporting non-profit organizations.
- The Electronic Frontier Foundation (EFF) is promoting DAFs as a vehicle to support their ongoing work in technology policy, privacy, and civil liberties.
Benefits of DAFs for Donors
- Simplification of taxes through a single upfront deduction for multiple charitable contributions.
- Ability to secure immediate tax benefits for gifts intended for distribution over multiple years.
- Avoidance of capital gains tax on long-term appreciated assets, such as stocks.
- Potential for increased charitable giving power through the investment of DAF funds.
Impact of Supporting EFF
- Donations facilitate the defense of encryption, privacy, and digital security standards.
- Funding supports efforts to challenge unlawful surveillance and censorship that could undermine democracy.
- Resources enable the development of privacy-preserving tools to strengthen user autonomy.
- Contributions assist in shaping technology policy that balances innovation with the protection of civil liberties.