Tax Effectiveness and Immediacy
A donation to the Harris myCFO Foundation to create a DAF is considered an outright gift that qualifies for an immediate income tax deduction. You can create a DAF now and reap the tax benefits in the current calendar year, while putting off until a later date your specific charitable gift recommendations.

You also stretch your giving dollars by avoiding the excise taxes to which private foundations are subject.

Simplicity
Giving through your Harris myCFO Foundation DAF saves you time, because you leave all the administrative responsibilities to the Harris myCFO Foundation's staff. You are exempt from the responsibilities of managing, reporting, and distributing the account's proceeds, saving you the additional time and cost of starting and operating a private foundation.

Flexibility
You can change the charitable recipient recommendations at any time, along with the timing, amount and destination of gifts.

Accountability
Donors today are concerned that the resources dedicated to charitable causes are used effectively. The age of writing a check and trusting organizations to use the funds wisely has given way to an age of increased due diligence as well as a desire to assess the effectiveness of such funds in meeting the organization’s goals and objectives. The Harris myCFO Foundation recognizes the need for increased accountability from the organizations receiving grants and therefore requires every organization receiving a grant in excess of $20,000 to sign a grant agreement which at a minimum requires annual updates verifying compliance with any restrictions placed on the use of the funds as well as the impact such funds have made in meeting the organization’s mission.

Anonymity
No other option for charitable giving enables complete anonymity on the part of the donor. Private foundations have more stringent public reporting requirements, making it nearly impossible for your gifts to remain anonymous. Grants from DAFs are structured so that you choose whether the grant recipient learns your identity. This is especially useful when you wish to recommend a single grant to a charity without developing an ongoing relationship.

Foreign and Domestic Grant Distribution
The Harris myCFO Foundation can broaden the scope of your charitable contributions by considering charities anywhere in the United States or any international organizations that are not government-affiliated, something that is most often not available through institutional and community foundation DAFs.

Expertise
You will benefit from Harris myCFO Foundation's expertise in fund administration, handled by the Harris myCFO Philanthropy Services Group, and investment management, provided by Harris myCFO Investment Advisory Services LLC.

Research
The Harris myCFO Foundation will provide you the best advice about your charitable options, drawing on decades of experience and continual research of the latest laws and developments in the field of philanthropy.

Family Involvement
One of the value-added services of the Foundation is the introduction of family heirs to the benefits and practice of philanthropy. Harris myCFO Foundation personnel will work with donors and their families to enhance their giving experience and to assist with the development of individual and corporate giving goals within the family.

Competitive Pricing and Contribution Requirements
The fees for establishing your Harris myCFO Foundation DAF are highly competitive with those of other DAFs, and are often lower considering the depth of service and attention given to each donor.

Investment Options
You may take advantage of Harris myCFO Foundation's investment options that are designed to reflect your philosophy on investment risk and reward. You may recommend one of four investment pools in which to invest your gift.