If you have already benefited from the immediate tax deductions offered by donor-advised funds (DAFs), you should know that Loomis Chaffee is an IRS-qualified public charity, and therefore eligible to receive contributions from your gift fund. Please follow the instructions provided by your fund regarding minimum contribution, the process for recommending grants, etc.
Loomis Chaffee’s tax ID number is: 06-0653119. Please make checks payable to Loomis Chaffee and mail to the following address:
The Loomis Chaffee School
4 Batchelder Road
Windsor, CT 06095
What is a Donor-Advised Fund?
A donor-advised fund (DAF) is a philanthropic vehicle established at a public charity that allows donors to make a charitable contribution, receive an immediate tax benefit, and then recommend grants from the fund to public charities of their choice over time.
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.