• Pay no capital gains on the donated asset.
• Receive a tax deduction for the asset's fair market value (FMV).
• Recommend how to invest the proceeds to grow tax-free over time.
• Leverage a single contribution into multiple grants to multiple charities.

Our experienced complex assets team guided Gary through the entire process. He transferred the asset to us, and we liquidated it.¹ The result was a contribution to his DAF that was twenty percent higher than it would have been if Gary had sold the asset himself and then donated the proceeds. This meant fewer taxes for Gary, and more dollars destined for charity.

By donating the complex asset to a DAF, instead of a single charity, Gary widened the scope of his impact. Over time his single contribution came to provide consistent, long-term support to many charities. These charities represented the full spectrum of Gary’s philanthropic interests. In the meantime, the proceeds in his charitable account held at Vanguard Charitable experienced tax-free, compound growth.

Having simply written checks to his philanthropic account in the past, Gary began keeping track of how much money his new giving strategy had saved him—and how much more went to charity as a result. He tabulated the following figures at the 20-year mark,² all due to his single contribution:

Gary's Giving³

Initial contribution:	Valued at $1,000,000
Annual grant:	10% of account balance
Asset allocation:	80% stock  20% bond
Average return:*	6.01%
Dollars granted over 20 years:	$1,189,096.30
Balance remaining:	$349,536.14
Total charitable impact: $1,538,632.44