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Planned Giving Office 10712 Crosscut Drive Pensacola, FL 32506 (850) 7762789 drice@nationalcommunityfoundation.org www.nationalcommunityfoundation.orgDONOR ADVISED FUND GRANT RECOMMENDATION FORM DONOR/ADVISOR

How to fill out donor advised fund

How to fill out donor advised fund

1. Step 1: Research different donor advised fund organizations to determine which one aligns with your philanthropic goals.
2. Step 2: Open a donor advised fund account with the chosen organization by completing their application form and submitting any required documentation.
3. Step 3: Contribute funds to your donor advised fund account by making a tax-deductible donation.
4. Step 4: Once your donation is received, you can then recommend grants to eligible charitable organizations from your donor advised fund account.
5. Step 5: Fill out the grant recommendation form provided by your donor advised fund organization, specifying the grant amount, recipient, and any additional instructions.
6. Step 6: Submit the grant recommendation form to your donor advised fund organization for review and processing.
7. Step 7: The donor advised fund organization will perform due diligence on the recommended grant recipient to ensure their charitable status and legitimacy.
8. Step 8: Upon approval, the donor advised fund organization will distribute the grant to the selected charitable organization on your behalf.
9. Step 9: Keep track of your grant recommendations and account balance through regular reports and updates provided by your donor advised fund organization.
10. Step 10: Continue to contribute to your donor advised fund account and make grant recommendations as desired to support the causes you care about.

Who needs donor advised fund?

1. Individuals who want to have greater control over their charitable giving and strategic philanthropy.
2. High-net-worth individuals or families who wish to consolidate and simplify their charitable giving.
3. Those who want to take advantage of immediate tax deductions for their charitable contributions.
4. People who are passionate about supporting various charitable causes but may not have the time or expertise to manage their own foundations.
5. Corporations or businesses looking to establish a vehicle for coordinated philanthropy and employee engagement programs.

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What is donor advised fund?

A donor advised fund (DAF) is a charitable giving vehicle that allows an individual or organization to make a charitable contribution, receive an immediate tax deduction, and then recommend grants from the fund over time.

Who is required to file donor advised fund?

Individuals or organizations that manage a donor advised fund may be required to file certain tax forms, typically associated with the sponsoring organization, but donors themselves do not need to file separately.

How to fill out donor advised fund?

To fill out the necessary documentation for a donor advised fund, you typically need to complete a contribution form detailing the amount being donated and any specific instructions regarding the fund management and grant recommendations.

What is the purpose of donor advised fund?

The purpose of a donor advised fund is to facilitate charitable giving by allowing donors to contribute funds to be distributed to charitable organizations over time, while also providing immediate tax benefits.

What information must be reported on donor advised fund?

Information that must be reported typically includes the donor's name, contribution amounts, grants made, and the fund's activity during the tax year. This is usually filed by the sponsoring organization.