Donor Advised Funds

Support PSS Through A Donor Advised Fund (DAF)

What is a DAF?

A Donor Advised Fund (DAF) is a special charitable account that lets a person, family, or business set aside money for giving to nonprofits in the future, while getting an immediate tax deduction when they put money into the account. The donor works with a DAF “sponsor” which is a public charity that manages the fund, invests the money, and handles the paperwork—examples include community foundations or national financial institutions with special charitable entities under them (like Fidelity, Schwab, Vanguard, etc.). To make a gift through a DAF, the donor tells their DAF sponsor to send a grant from their account to the nonprofit they want to support; the sponsor then disburses the funds, following the donor’s wishes.

How to Make a Grant Recommendation from Your DAF to PSS:

Making a gift from your DAF is straightforward. Here’s how you can direct a grant to support our mission:

1. Contact Your DAF Sponsoring Organization:
   Log in to your DAF account online or directly contact the financial institution, community foundation, or other sponsoring organization that manages your Donor Advised Fund (e.g., Fidelity Charitable, Schwab Charitable, BNY Mellon Charitable Gift Fund, Vanguard Charitable, your local community foundation).
2. Recommend a Grant to PSS:
   When making your grant recommendation, you will need to provide them with our official information:
   • Our Legal Name: Presbyterian Senior Services
   • Our Tax ID (EIN): 13-1981482
   • Our Mailing Address (for verification, even if sending electronically):
     • PSS (Presbyterian Senior Services)
       147 East 48th Street, 3rd Floor
       New York, NY 10017
3. Specify the Amount:
   • Clearly indicate the amount you wish to grant to Presbyterian Senior Services.
   • Your gift will be gratefully applied where it’s needed most to assist us in serving NYC’s older adults.
4. Notify PSS (Recommended for Acknowledgment):
   While your DAF sponsoring organization will send us the grant, they may not always share your name or contact details. To ensure we can properly acknowledge your generous support and update you on its impact, please consider notifying us directly about your DAF grant.
   
   You can email our Development Team at giving@pssusa.org or call us at 212-874-6633. Letting us know helps us say “thank you” and ensures your gift is recognized according to your wishes.

Why Give Through a DAF?

• Simplicity: Manage your charitable giving easily through one central account.
• Tax Efficiency: Receive an immediate tax deduction when you contribute to your DAF, then recommend grants over time.
• Flexibility: Support multiple charities and time your gifts strategically.
• Impact: Make a significant difference in the lives of the older adults PSS serves.

Questions?

If you have any questions about making a gift to PSS through your Donor Advised Fund, please don’t hesitate to contact our Development Team at giving@pssusa.org or call us at (212) 874-6633.

Thank you for your partnership and commitment to enhancing the lives of older New Yorkers!