Many of the monastery’s supporters use a Donor Advised Fund (DAF) for their charitable giving. Many supporters have established a DAF with the charitable arm of Schwab, Fidelity, or Vanguard. Other donors have established DAFs at their local community fund like the Pikes Peak Community Foundation.  Using a DAF simplifies your giving because it serves as a charitable giving savings account of sorts. It gives you the flexibility to recommend how much and when to recommend grants to qualified charities like the Sisters of Benet Hill Monastery. You receive a charitable deduction for the amount of that initial stock gift into the DAF and also avoid the capital gains tax.