Establishing a Donor Advised Fund
Establishing a Donor Advised Fund is easy. Just complete the Donor
Account Application from the Fund you have chosen and return it
to us with the appropriate asset transfer form or a check made payable
to the fund.
Donor advised Fund applications are easy to complete. Below is
an explanation of the information you will need to provide.
We are available to assist you with the paperwork by calling us
toll free at 800-944-7730.
Name your account
You'll be asked to choose a name for your Donor Advised Fund account.
You may want to name the account after your family or have the name
reflect the charitable goals of the account, for example, "The
Jones Family Charitable Foundation" or "The Wilson Fund
for the Arts".
Name account advisors
You may name one or more account advisors to your Donor Advised
Fund who will also be able to recommend grants from the fund during
Name account successors or charitable beneficiaries
You may name one or more account successors or charitable beneficiaries
to your account. A successor gains full responsibility for decisions
relating to the account upon the death of all the original donors,
and has the authority to make contributions, recommend grants, and
name advisors and there future account successors. If you do not
wish to name successors you may name a charity or charities to be
the beneficiary and inherit the remaining assets in your account,
or 5% annually, upon the death of all the original donors.
Select a charitable area of interest
To continue honoring your charitable intent, you can include a
charitable organization or area of interest you'd like your grants
to support. You could include a specific charitable organization,
a university, a particular type of research (for example, cancer
or arthritis research) or an area of interest (for example, protecting
the environment or supporting the arts in your community).
In the event the account ceases to make grants and the donor advisors
can not be contacted, the fund can direct grants from the account
that support your stated charitable area of interest.
The information contained on this site is for educational purposes
only. It is not intended to be professional tax or legal advice;
consult the appropriate professional regarding your specific situations.
Copyright © 2002 DonorAdvisedFunds.com