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DONOR ADVISED FUND AGREEMENT BETWEEN CREATE FOUNDATION, INC. AND THIS AGREEMENT, made and entered into on, 20, by and between CREATE Foundation, Inc., Tupelo, Mississippi (the Foundation), and (hereinafter

How to fill out donor advised fund agreement

How to fill out a donor advised fund agreement:

1. Obtain the donor advised fund agreement form: You can typically find this form on the website of the organization administering the donor advised fund. It may also be available in physical copies at their office or can be requested through email or phone.
2. Review the instructions: Before starting to fill out the form, carefully read the instructions provided. This will ensure you understand the requirements, guidelines, and any specific information that needs to be included.
3. Personal information: Provide your personal information as the donor. This may include your name, contact details, social security number or taxpayer identification number, and any other requested details.
4. Donation details: Indicate the amount or assets you wish to donate to the donor advised fund. Specify whether it is a one-time donation or recurring contributions. Include relevant information about the nature of the assets being donated (cash, stocks, real estate, etc.).
5. Investment options: Many donor advised funds offer investment options for the assets donated. If you wish to choose how your donation is invested, make sure to indicate your preferences on the form.
6. Grant recommendations: In a donor advised fund, donors can recommend grants to eligible nonprofits. Specify if you have any preferences or restrictions for your grant recommendations, such as specific focus areas or organizations you prefer to support.
7. Successor advisors: If you wish to appoint successor advisors to make grant recommendations after your lifetime, provide the necessary information about these individuals, such as their names, contact details, and relationship to you.
8. Signature and date: Sign the donor advised fund agreement form and include the date of signing. Some forms may require the signature to be notarized, so be sure to follow any additional instructions provided.

Who needs a donor advised fund agreement:

1. Individuals looking to make charitable contributions: A donor advised fund agreement is relevant for individuals who wish to contribute to a donor advised fund and have control over their charitable giving.
2. Donors seeking tax benefits: Donor advised funds offer potential tax advantages, such as immediate tax deductions for donations and the ability to grow funds tax-free. Those interested in utilizing these tax benefits may need a donor advised fund agreement.
3. Philanthropists who want flexibility: Donor advised funds allow donors to recommend grants to charities over time, providing flexibility in philanthropic giving. If you desire this flexibility, a donor advised fund agreement is necessary.

Remember to consult with a financial advisor or tax professional for personalized guidance on filling out a donor advised fund agreement and to understand the specific regulations and requirements related to your situation and location.

For pdfFiller’s FAQs

What is donor advised fund agreement?

A donor advised fund agreement is a contract between a donor, a sponsoring organization, and a charity, outlining the terms and conditions for managing charitable donations.

Who is required to file donor advised fund agreement?

The sponsoring organization of the donor advised fund is required to file the agreement.

How to fill out donor advised fund agreement?

The donor advised fund agreement can be filled out by providing information about the donor, the sponsoring organization, the charitable purpose, and the terms of the agreement.

What is the purpose of donor advised fund agreement?

The purpose of the donor advised fund agreement is to establish guidelines for managing charitable donations and ensure that they are used for their intended purposes.

What information must be reported on donor advised fund agreement?

The donor advised fund agreement must include details about the donor, the sponsoring organization, the charitable purposes, and any restrictions on the use of funds.

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