Per IRS guidelines, a grant from a Donor Advised Fund (DAF) cannot result in the donor or any related party receiving more than an incidental benefit. Raffle tickets, tickets to special events, auction items, and benefits conferred in connection with the DAF grant are not permitted. This includes partial payment of a table, ticket or sponsorship of Mercy University’s special events.
You may use a DAF to make a fully tax-deductible donation in support of Mercy University.
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