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DONOR ADVISED FUND OF THE EAST TEXAS COMMUNITIES FOUNDATION 1. Agreement This agreement is made on this date of between (the Donor) and East Texas Communities Foundation, a Texas nonprofit corporation
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How to fill out a donor advised fund:

01
Gather required information: Start by collecting all the necessary information such as your personal details, financial records, and any supporting documents related to the charitable organizations you wish to support.
02
Choose a sponsoring organization: Research different sponsoring organizations that offer donor advised funds and select the one that aligns with your philanthropic goals and values.
03
Create an account: Follow the instructions provided by the sponsoring organization to create an account for your donor advised fund. This will typically involve completing an application and providing the required documentation.
04
Contribute to the fund: Once your account is set up, make an initial contribution to your donor advised fund. This can be done through various means such as cash, stocks, or other assets. Consult with the sponsoring organization for specific instructions on how to contribute.
05
Recommend grants: After your fund is established and contributions are made, you can start recommending grants from your donor advised fund. Research and identify the charitable organizations you wish to support, and then submit grant recommendations to the sponsoring organization for their review and approval.
06
Manage investments: Some donor advised funds offer investment options to potentially grow your philanthropic assets over time. If you choose to invest, regularly review and manage your investments to ensure they align with your financial goals and risk tolerance.

Who needs a donor advised fund:

01
Philanthropic individuals: Donor advised funds are an excellent option for individuals who have a strong desire to give back to their communities or support charitable causes.
02
High-net-worth individuals: Many high-net-worth individuals utilize donor advised funds to strategically manage their philanthropy, take advantage of tax benefits, and leave a lasting impact on society.
03
Families or businesses: Donor advised funds can also be established by families or businesses to cultivate a culture of giving, involve multiple generations in philanthropic decisions, and leave a collective legacy.
Remember, it is important to consult with financial advisors or professionals to understand the specific legal and tax implications of donor advised funds based on your individual circumstances.
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Donor advised fund is a charitable giving vehicle that allows donors to make a charitable contribution, receive an immediate tax deduction, and recommend grants from the fund over time.
Organizations with donor advised funds are required to file Form 990, Form 990-EZ, or Form 990-PF with the IRS.
To fill out Form 990 for donor advised fund, organizations need to provide information on their finances, activities, governance, and compliance with tax laws.
The purpose of donor advised fund is to facilitate charitable giving by allowing donors to recommend grants to qualified nonprofits.
Information on contributions, grants, investment income, expenses, and activities related to the donor advised fund must be reported on Form 990.
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