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DonorAdvised Fund Agreement This Agreement is made on 20 between the Community Foundation of Anne Arundel County, Inc. (CAAC) and (Founder) to establish and govern the administration of a donor advised

How to fill out donor-advised fund agreement

How to fill out a donor-advised fund agreement:

1. Gather necessary information: Before starting the process, make sure you have all the necessary information at hand. This includes personal details such as your name, address, and contact information, as well as information about the charitable organization you wish to establish the fund with.
2. Review the agreement form: Carefully read through the donor-advised fund agreement form provided by the charitable organization. This document outlines the terms and conditions of the fund, including rules on contributions, grants, and investment options.
3. Provide personal information: Fill out the required personal information section of the agreement form accurately. This includes your full name, address, social security number, and any other information requested by the organization.
4. Choose the name of the fund: Decide on a name for your donor-advised fund. It can be named after you, your family, or a cause you are passionate about. Ensure the chosen name aligns with the organization's guidelines and doesn't violate any trademark or copyright laws.
5. Determine the fund's purpose: Clearly state the purpose of the fund in the agreement. This could be supporting specific charitable causes, promoting education, or addressing community needs. Be as specific as possible to ensure your intentions are properly carried out.
6. Establish initial contribution: Determine the amount or assets you wish to contribute as an initial gift to the fund. This can be cash, publicly-traded securities, or other eligible assets outlined by the organization. Record the details of this contribution in the agreement.
7. Outline future contributions: Specify how you plan to make future contributions to the donor-advised fund. This could include regular contributions, annual grants, or contributions from planned giving vehicles such as charitable trusts or bequests. Having a predetermined plan in place helps ensure the fund's sustainability.
8. Choose investment options: Many donor-advised funds offer investment options for the contributed assets to grow over time. Review the available investment options and indicate your preferred investment strategy in the agreement. Consider factors such as risk tolerance and the fund's long-term objectives.
9. Select grant recipients: Determine the charitable organizations or causes that will receive grants from your donor-advised fund. Some organizations may have restrictions or guidelines on grant recipients, so ensure your choices align with their policies.
10. Sign and submit the agreement: Once you have carefully reviewed all sections of the donor-advised fund agreement and filled in the required information, sign the document. Submit the signed agreement to the charitable organization according to their specified instructions.

Who needs a donor-advised fund agreement?

1. Individuals and families: Donor-advised fund agreements are commonly used by individuals and families who wish to establish a charitable fund for philanthropic purposes. It allows them to contribute assets and recommend grants to charitable organizations over time while receiving potential tax benefits.
2. Foundations: Private foundations or family foundations often utilize donor-advised fund agreements as a strategic giving tool. It provides them with the flexibility to recommend grants from the fund without incurring the administrative burden of managing their own foundation.
3. Corporations and businesses: Companies and businesses can also benefit from establishing a donor-advised fund agreement. It allows them to consolidate charitable giving, engage their employees in philanthropy, and simplify the process of grantmaking.

Overall, anyone with a desire to support charitable causes and make a positive impact can benefit from a donor-advised fund agreement. It offers flexibility, tax advantages, and the opportunity to create a lasting legacy of giving.

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What is donor-advised fund agreement?

A donor-advised fund agreement is a contract between a donor and a sponsoring organization that establishes the terms and conditions for the donor's charitable contributions to the fund.

Who is required to file donor-advised fund agreement?

The sponsoring organization of the donor-advised fund is required to file 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 details of the donation, including the amount, purpose, and any restrictions.

What is the purpose of donor-advised fund agreement?

The purpose of the donor-advised fund agreement is to establish a formal agreement between the donor and sponsoring organization, outlining the terms of the charitable donations.

What information must be reported on donor-advised fund agreement?

The donor-advised fund agreement must include details of the donation, any restrictions on the use of the funds, and any other terms agreed upon by the donor and sponsoring organization.