Phelps Golf Classic

Per IRS regulation, Donor Advised Funds (DAFs) cannot be used to pay for tickets to fundraising events, galas or auctions if the cost of the ticket is not fully tax deductible. Specifically, DAF grants cannot be used to pay the tax-deductible portion of a ticket if the full cost includes both a tax deductible and non-deductible portion. Additionally, grants may not be used to pay for items or services purchased or won at a charity auction. DAFs can only be used strictly as a donation or a contribution.