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D O N O RA DV I S E D
FUND PROGRAM R A N T R E C O M M E N D AT I O N F O R M
Instructions
Please complete this form and return it by fax to 415.398.4733, email to DAF×horizons foundation.org or
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How to fill out dono r- advised fund
How to fill out dono r- advised fund
01
To fill out a dono r-advised fund, follow these steps:
02
Research and choose a reputable sponsoring organization that offers dono r-advised funds.
03
Contact the sponsoring organization to inquire about their specific requirements and process for opening a fund.
04
Complete the application form provided by the sponsoring organization. This form usually requires personal information such as name, contact details, and social security number.
05
Determine the initial contribution amount for your dono r-advised fund.
06
Transfer the funds to the sponsoring organization as instructed. This can usually be done through a check or wire transfer.
07
Once the funds are received, you can now start advising on how the funds should be distributed. This can be done by providing recommendations to the sponsoring organization, specifying the recipient charities and donation amounts.
08
Keep track of your fund balance and any distributions made over time.
09
Take advantage of any tax benefits associated with dono r-advised funds by consulting with a tax professional.
10
Continue to engage with the sponsoring organization for any updates, changes, or additional contributions to your dono r-advised fund.
11
Regularly review your fund's performance and adjust your giving strategy as desired.
Who needs dono r- advised fund?
01
Dono r-advised funds can be beneficial for individuals or households who:
02
- Want to have a centralized and organized approach to charitable giving.
03
- Have a substantial amount of money to donate and want to take advantage of tax benefits.
04
- Want to involve family members in the decision-making process of where the funds should be directed.
05
- Want to maintain a lasting legacy of philanthropy.
06
- Seek professional investment management for their charitable assets.
07
- Prefer the administrative simplicity and cost-effectiveness of dono r-advised funds compared to establishing a private foundation.
08
- Wish to donate to multiple charities and have the flexibility to adjust giving priorities over time.
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What is donor-advised fund?
A donor-advised fund is a charitable giving account that allows individuals to make a contribution to a public charity and recommend grants to other charities.
Who is required to file donor-advised fund?
The sponsoring organization of the donor-advised fund is required to file Form 990 with the IRS.
How to fill out donor-advised fund?
To fill out a donor-advised fund, the sponsoring organization must provide information about contributions received, grants made, investment income, and operating expenses.
What is the purpose of donor-advised fund?
The purpose of a donor-advised fund is to provide a flexible and tax-efficient way for individuals to support charitable organizations.
What information must be reported on donor-advised fund?
The sponsoring organization must report on contributions received, grants made, investment income, and operating expenses.
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