Mail
Make Checks payable to: Building Homes for Heroes
Mailing Address: 4584 Austin Blvd, Island Park, NY 11558

Phone
(516) 684 – 9220
Gavin Carillo, Community Engagement Manager

Donor-Advised Funds (DAF)

What is a donor-advised fund?

A donor-advised fund (DAF) is a type of giving program that allows you to combine the most favorable tax benefits with the flexibility to easily support your favorite charities. An increasingly popular charitable vehicle, DAFs are an excellent way to both simplify your charitable giving and facilitate your strategic philanthropic goals.

How does it work?

• Establish your DAF by making an irrevocable, tax-deductible donation to a public charity that sponsors a DAF program
• Advise the investment allocation of the donated assets (any investment growth is tax-free)
• Recommend grants to qualified public charities of your choice

What are the main advantages of a donor-advised fund?

Simplicity – The DAF sponsor handles all record-keeping, disbursements, and tax receipts.

Flexibility – Timing of your tax deduction can be separate from your charitable decision making.

Tax-efficiency – Contributions are tax-deductible and any investment growth in the DAF is tax-free. It is also easy to donate long term appreciated securities, eliminating capital gains taxes and allowing you to support multiple charities from one block of stock.

Family legacy – A DAF is a powerful way to build or continue a tradition of family philanthropy.

No start-up costs – There is no cost to establish a donor-advised fund. However, there are often minimum initial charitable contributions to establish the DAF (typically $5,000 or more).

No transaction fees – Once approved, 100% of your recommended grant goes to your qualified public charity of choice.

Privacy if desired – Donors may choose to remain anonymous to the grant recipient.

Employee Giving

Employee Giving, or Workplace Giving, is an easy and efficient way to make tax-deductible donations to Building Homes for Heroes, typically with donations taken directly out of your paycheck.

Benefits of Workplace Giving: 

• Convenience & Tax Benefits: You get the convenience of automatic payroll deductions without losing the tax benefits of charitable giving.
• Financially More Manageable:  By having a smaller amount of money deducted from your paycheck throughout the year, you can donate a larger amount of money and have a greater impact overall. For example, if you get paid biweekly (26 times throughout the year) and you pledge $38.50 of each paycheck, by the end of the year you will have donated $1,000!
• Matching Gifts: Some employers will offer to match your contributions up to a specified amount.  This leverages your employer's philanthropic support and maximizes your gift to the causes you care about.
• Cost-efficient and Sustainable Fundraising: Workplace giving is more cost-effective and efficient for charities to raise funds than other fundraising methods. The cost of participating in a workplace giving campaign is far below the cost that would be incurred if participating charities had to launch any type of campaign to try to raise an equal amount of money. Your donation enables more time and resources to be spent on services and programs rather than elaborate fundraising.
• Unrestricted Money: Your donation provides a sustainable, year-round source of funds. And because this money is 'unrestricted', your donation provides funds that enable us to decide how to best use that money and invest in our ability to deliver vital programs and services.

Combined Federal Campaign (CFC):

If you are a federal employee, you can support your favorite charities through the Combined Federal Campaign (CFC)'s fall campaign.  With 30+ CFC campaign zones throughout the country and overseas, the CFC is one the world's largest workplace charity campaigns and has raised over $8 billion for non-profits since its inception in 1961.

Each charity participating in the CFC has a unique CFC number assigned to them.

Building Homes for Heroes’ National CFC # is 70674.

You can log into the CFC's donor pledging site: https://cfcgiving.opm.gov/welcome and enter our CFC number to add Building Homes for Heroes to your charity of choice.

Corporate Matching

Make your gift go twice as far by seeing if your employer offers a corporate matching gift.  Companies usually match donations at a 1:1 ratio, but some will match at 2:1, 3:1, or even a 4:1 ratio.

With 20,000+ companies and subsidiaries that match employee gifts, see if your employer will match your donation here:

Matching Gift and Volunteer Grant information provided by

You may be looking for a way to make a big difference to help further our mission. If you are turning 73 this year, you are able to send an IRA rollover to Building Homes for Heroes; if you are 73 or over, your rollover will count towards your RMD (Required Minimum Distribution), and you will not have to pay income tax on that amount.

Benefits of an IRA charitable rollover

• Avoid taxes on transfers of up to $105,000 from your IRA to our organization
• May satisfy your required minimum distribution (RMD) for the year
• Reduce your taxable income, even if you do not itemize deductions.
• Make a gift that is not subject to the deduction limits on charitable gifts
• Help further the work and mission of our organization

How an IRA charitable rollover gift works

1. Contact your IRA plan administrator to make a gift from your IRA to us.
2. Your IRA funds will be directly transferred to our organization to help continue our important work
3. Please note that IRA charitable rollover gifts do not qualify for a charitable deduction
4. Please contact us if you wish for your gift to be used for a specific purpose

Contact Us

If you have any questions about an IRA charitable rollover gift, please contact us. We would be happy to assist you and answer any questions you might have.

Donating appreciated securities, including stocks or bonds, is an easy and tax-efficient way for you to make a gift to Building Homes for Heroes.

Benefits of Gifts of Stocks and Bonds

• Avoid paying capital gains tax on the sale of appreciated stock 
• Receive a charitable income tax deduction
• Further our mission today

How to make a gift of stocks and bonds

By electronic transfer - Please contact us for instructions on how you can transfer stock or bonds from your brokerage or investment account to Building Homes for Heroes.

More on gifts of stocks and bonds

There are special rules for valuing a gift of stock. The value of a charitable gift of stock is determined by taking the mean between the high and low stock price of the date of the gift. Mutual fund shares are valued using the closing price for the fund on the date of the gift.

Contact Us

If you have any questions about gifts of stocks and bonds, please contact nancy.mauro@buildinghomesforheroes.org. We would be happy to assist you and answer any questions that you have.