Independent Charitable Gift Fund Igiftfund

Independent Charitable Gift Fund Igiftfund
DAFScore™ : 4.75
Rank : 4.75

AUM

$283.0M

Number of Accounts

789

Minimum Balance

$0

Initial Contribution Minimum

$5,000

Grant Minimum Amount

$100

Grant Timing

Within 1 Week

Investment Options

More than 10

Administrative Fee

0 - 0.5%

iGiftFund was founded in 2016 by Phil Tobin with the belief that philanthropy should be simple, straightforward, and enjoyable—without hidden agendas. As an independent sponsor, iGiftFund serves a unique niche, free of unnecessary restrictions and potential conflicts of interest. Phil is considered among the most experienced DAF experts in the U.S. He pioneered one of the country’s earliest DAF’s when he served as CFO of the Cleveland Foundation.

DAF Details

Sponsor Donation Recommendations

International Granting

Accepts Illiquid Contributions

Ability of 3rd Party Advisors

Political or Religious Affiliation

Sell Their Own Financial Products

Tax Requirements

Minimum Grant Frequency Requirement

Provides Anonymity if Requested

Transferability to Another Sponsor

No History of Security Breaches

Customer Service Resources & Quality of Service

Great

Online Access and Ease of Use

Okay

More Information

Sponsor Organization

igiftfund.org

Sponsor Donation Recommendations

None

International Granting

iGiftFund can make grants to foreign charities the following ways: 1.) Give to U.S.-based charities doing international work. You can recommend grants to international causes through established U.S.-based charities that perform work overseas. 2.) Give through qualified charitable intermediaries that facilitate direct grants to international charities, who can vet charitable organizations in accord with IRS regulations projects and process payments to those organizations.

Accepts Illiquid Contributions

Contributions to your DAF may be made in a variety of ways, including: cash, appreciated securities, real estate, privately held interests, IPO stock, restricted stock, & life insurance.

3rd Party Advisors

When establishing your DAF, you may assign one or more primary and successor advisors. The primary advisor(s) may recommend grants from the fund. A successor advisor is typically a child, relative, or friend. Additionally, you may recommend a financial advisor to your fund who will be granted the authority to manage investments & recommend grants on the primary advisor’s behalf.

Political or Religious Affiliation

iGiftFund is independent of any religious or political organizations.

Sell Their Own Financial Products

None

Tax Requirements

There is no tax code requirement for DAF donors to meet a minimum payout requirement.

Minimum Grant Frequency

A grant must be made at least every 3 years.

Overall Grant Restrictions

Under IRS regulations, iGiftFund cannot approve grants to: Individuals, private foundations (except for some private operating foundations), and non-functionally integrated Type III supporting organizations.

Provides Anonymity

For donors who need privacy, iGiftFund provides a number of solutions ranging from total anonymity to full recognition.

Investment Options

iGiftFund provides open investment architecture & works on all investment platforms. When you open your fund, you may recommend an investment strategy for your assets. Unlike many other DAFs, iGiftFund does not offer a limited menu of proprietary investment options. A fund can have different objectives as well as various risk/reward profiles

Transferability to Another Sponsor

Assets can be transfered to another DAF sponsor that is also a 501(c)(3) charitiy.

History of Security Breaches

None

Administrative Fees

The iGiftFund has a tiered fee schedule with basis points (1 basis point= 0.01%) 45.00 basis points on the first $500,000; 22.50 basis points on the next $500,000; 15.00 basis points on the next $1.5 million; 11.25 basis points on the next $2.5 million; 9.375 basis points on the next $10 million; 7.50 basis points on amounts over $15 million.

Customer Service

Dedicated team for support. •800-810-0366 •ask@iGiftFund.org •Phil Tobin, founder of the iGiftFund, believes that large DAF sponsors have lost the personal touch with call-centers. The team at iGiftFund provides top-notch personalized customer service & support.

Online Access & Ease of Use

Online Platform

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