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How do I report donations to a donor advised fund?

 
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4 Replies

How do I report donations to a donor advised fund?

@scherejona 

 

Just as you would for any other Charity.

After entering the DAF name, you indicate what you actually contributed to the DOAV

 

IF it was Money, you select that.

If it was shares of stock or Mutual funds, you indicate "Items" then the next page you can indicate it was stock.

__________________

For stock/Mutual Fund donations, you probably get a form 8283 from the DAF.  The software will fill one out for you as you answer the various follow-up questions.   Just keep the DAF form 8283 that you received...in your tax folder for 2025 in case any questions crop up from the IRS anytime in the next few years.

 

Remember that any future donations you advise to be made OUT of the DAF .....you can not claim those as charity donations, since you already claimed the donation to the DAF.

 

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

How do I report donations to a donor advised fund?

But what if it is my DAF? I didn't have a form 8283 sent. I just enter it as my name+DAF? 

MarilynG1
Employee Tax Expert

How do I report donations to a donor advised fund?

You'll need to enter the name/address of the DAF, just as if you had donated to a charity. Here's more info on Reporting Donations to a Donor Advised Fund.

 

@dazedconfused 

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How do I report donations to a donor advised fund?

Thank you. I think I finally understand how this works now, lol. I will have to amend last years return. And I understand who to list as the asset owner now.

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