Can I contribute to GRACE using my donor-advised fund?

Contributions to GRACE Scholars cannot be made from a donor-advised fund. With a donor-advised fund, the taxpayer received an income tax charitable deduction at the time of the original contribution to the fund. The taxpayer then is no longer the owner of the assets from which the contribution to GRACE would be made. As a charitable organization we can accept the funds, however, we cannot issue a tax credit for reasons stated above. Please contact your tax advisor if you have any further questions.