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Donor-Advised Fund Agreement Thank you for choosing the Hampton Roads Community Foundation to assist you with your charitable giving. We are committed to connecting you with the community and to the

How to fill out donor-advised fund agreement

How to fill out a donor-advised fund agreement:

1. Gather all necessary information: Before starting to fill out the donor-advised fund agreement, make sure you have all the relevant information handy. This may include personal details, contact information, and financial statements.
2. Review the terms and conditions: Carefully read and understand the terms and conditions mentioned in the donor-advised fund agreement. Ensure that you agree with the policies, guidelines, and any restrictions that may apply.
3. Provide your personal information: Fill in your personal details accurately. This may include your name, address, phone number, email address, and social security number or tax identification number.
4. Specify the fund amount: Indicate the amount you would like to contribute to the donor-advised fund. Be sure to follow any minimum requirement guidelines provided by the fund.
5. Select investment options: If there are investment options available, decide how you would like your funds to be invested. Review the choices provided and select the one that aligns with your financial goals and risk tolerance.
6. Appoint an advisor: Some donor-advised funds allow you to appoint an advisor who will help with the investment decisions. If you wish to have an advisor, provide their contact information and authorization.
7. Name successor advisors: In case you are unable to act as the advisor in the future, you can name successor advisors who will take over the responsibilities. Provide their details as required.
8. Specify the charitable beneficiaries: Indicate the charitable organizations or causes you wish to support using the funds from the donor-advised fund. This could be a specific charity or a broader field of interest.
9. Review and sign the agreement: Carefully review all the information you have provided in the donor-advised fund agreement. Ensure accuracy and make any necessary corrections. Once satisfied, sign the agreement.

Who needs a donor-advised fund agreement?

1. Individuals: Individuals who wish to make charitable contributions and have greater control over how their funds are used may opt for a donor-advised fund agreement.
2. Families: Families who want to involve multiple generations in their philanthropic endeavors and create a long-lasting charitable legacy can benefit from a donor-advised fund agreement.
3. Businesses: Companies that prioritize corporate social responsibility and want to streamline their charitable giving process often utilize donor-advised funds.
4. Foundations: Private foundations may establish donor-advised funds as a tool for making grants to charitable organizations while retaining certain administrative advantages.

In conclusion, filling out a donor-advised fund agreement involves providing personal information, specifying the fund amount, selecting investment options, appointing advisors, naming successor advisors, and designating charitable beneficiaries. This agreement is beneficial for individuals, families, businesses, and foundations looking to engage in strategic and impactful philanthropy.

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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 under which the donor can recommend grants from the fund.

Who is required to file donor-advised fund agreement?

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

How to fill out donor-advised fund agreement?

The donor and the sponsoring organization should work together to complete the donor-advised fund agreement, ensuring all relevant information and preferences are included.

What is the purpose of donor-advised fund agreement?

The purpose of a donor-advised fund agreement is to outline the charitable giving preferences and recommendations of the donor, while also establishing the responsibilities of the sponsoring organization.

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

The donor's contact information, the amount and frequency of contributions, and any specific grant recommendations should be reported on the donor-advised fund agreement.