Get the free Donor Advised Fund Agreement - Middletown Community Foundation - mcfoundation

Middletown Community Foundation NON-ENDOWED ADVISED FUND AGREEMENT This ADVISED FUND AGREEMENT (Agreement) is made on this day of, between Middletown Community Foundation, an Ohio nonprofit corporation

How to fill out donor advised fund agreement

How to fill out a donor advised fund agreement:

1. Begin by carefully reviewing the donor advised fund agreement document provided by the fund sponsor. This document outlines the terms and conditions of your agreement with the fund.
2. Fill in your personal information accurately and completely. This will include your name, address, contact information, and any other details required by the fund sponsor. Make sure to use your legal name and provide updated contact information for future communication.
3. Indicate the initial contribution amount or range that you intend to contribute to the donor advised fund. This amount represents the assets you plan to donate to the fund for charitable purposes.
4. Specify the investment options you would like for your donor advised fund. Some funds offer different investment options such as cash, stocks, bonds, or mutual funds. Choose the investment strategy that aligns with your philanthropic goals and risk tolerance.
5. Determine any successor advisors or successors to your fund. If you are unable to continue serving as the advisor to the fund in the future, you can designate one or more individuals or organizations to take on this role. Completing this section ensures continuity of your philanthropic efforts.
6. Review the grants section of the agreement. This is where you will have the opportunity to recommend grants to specific charitable organizations or causes from your donor advised fund. Understand the granting process and any limitations or guidelines set by the fund sponsor.
7. Carefully read and understand the termination provisions of the agreement. This section outlines the conditions under which the donor advised fund agreement can be terminated. Familiarize yourself with the termination terms to avoid any misunderstandings in the future.

Who needs a donor advised fund agreement?

1. Individuals who wish to have an organized and structured approach to their charitable giving.
2. Donors who want to have a strategic plan in place for their philanthropic efforts.
3. Those who want to have the ability to recommend grants to specific charitable organizations or causes over time.
4. Donors who desire flexibility in managing their charitable contributions and investment options.
5. Individuals or families who want to engage future generations in philanthropy by involving them in the decision-making process of the donor advised fund.

Remember, it is always advisable to consult with a financial advisor or legal professional to ensure that you fully understand the implications and requirements of the donor advised fund agreement based on your individual circumstances.

For pdfFiller’s FAQs

What is donor advised fund agreement?

Donor advised fund agreement is a legal document between a donor and a sponsoring organization that establishes guidelines on how the donated funds will be distributed.

Who is required to file donor advised fund agreement?

The sponsoring organization is responsible for filing the donor advised fund agreement.

How to fill out donor advised fund agreement?

The donor and sponsoring organization must fill out the donor advised fund agreement with all required information and signatures.

What is the purpose of donor advised fund agreement?

The purpose of donor advised fund agreement is to ensure that donated funds are used according to the donor's wishes and the guidelines set forth in the agreement.

What information must be reported on donor advised fund agreement?

The donor's information, donation amount, distribution guidelines, and signatures must be reported on the donor advised fund agreement.

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