A donor-advised fund (DAF) lets you set aside charitable dollars and recommend grants over time. Because the Drake Rayden Foundation is a 501(c)(3) public charity, it's generally eligible to receive DAF grants.
To recommend a grant, log in to your DAF sponsor's site and search for the Drake Rayden Foundation, or enter its EIN, 82-2383660. The mailing address is 2607 Woodruff Road, Suite E, PMB 352, Simpsonville, SC 29681. In the purpose or designation field, you can write "Drake and Vivian gene therapy trial." If you'd like the family to know who gave, choose the option to share your name.
A note on taxes: the IRS treats your deduction as happening when you contribute to the DAF, not when the DAF makes a grant, so the grant itself isn't a new deduction. DAF sponsors also have their own processing times, which matters at year end.
For large grants, or if your sponsor needs more information, email Info@DrakeRaydenFoundation.com. Philanthropists and family foundations can also find more on our page for philanthropists.
Sources: IRS: Donor-advised funds · IRS Tax Exempt Organization Search
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