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STATE OF SOUTH CAROLINA)) COUNTY OF SPARTANBURGDONOR ADVISED FUND AGREEMENT)This Agreement made and entered into as of the day of 200, between THE SPARTANBURG COUNTY FOUNDATION (the Foundation) and

How to fill out donor advised fund agreement

How to fill out donor advised fund agreement

1. Begin by obtaining a donor advised fund agreement form from the specific organization or financial institution you have chosen to establish your fund with.
2. Read the agreement thoroughly to understand the terms and conditions, as well as the responsibilities and limitations associated with the donor advised fund.
3. Fill in your personal information, including your name, address, and contact details, as required by the agreement.
4. Provide details about the fund, such as its name, purpose, and any specific instructions or restrictions you want to apply to the grants made from the fund.
5. Determine whether you want to remain anonymous as a donor or whether you allow the organization to disclose your identity when distributing grants.
6. Specify whether you want to contribute assets in the form of cash, stocks, real estate, or other assets to the donor advised fund and provide the necessary information for such contributions.
7. Indicate how you want the fund to be invested, whether you prefer conservative or aggressive investment strategies.
8. Review the completed agreement carefully to ensure accuracy and consistency.
9. Sign and date the agreement, following any additional witnessing or notarization requirements specified by the organization or financial institution.
10. Submit the filled-out donor advised fund agreement to the organization or financial institution as instructed, along with any required fees or initial contributions.

Who needs donor advised fund agreement?

1. Individuals or families who wish to make substantial charitable donations over an extended period of time can benefit from a donor advised fund agreement.
2. Non-profit organizations and foundations may also require donor advised fund agreements when establishing their own funds to manage and distribute charitable contributions.
3. Financial institutions offering donor advised funds as part of their services will need these agreements to establish and maintain the fund on behalf of their clients.

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What is donor advised fund agreement?

Donor advised fund agreement is a written agreement between a donor and a sponsoring organization, such as a community foundation or a public charity, that establishes a fund for charitable giving.

Who is required to file donor advised fund agreement?

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

How to fill out donor advised fund agreement?

The donor advised fund agreement can be filled out by completing the required information regarding the establishment of the fund, the donor's advisory privileges, and the charitable purposes of the fund.

What is the purpose of donor advised fund agreement?

The purpose of donor advised fund agreement is to provide a mechanism for donors to make contributions to charitable causes, while also maintaining some level of advisory control over how those funds are distributed.

What information must be reported on donor advised fund agreement?

The donor advised fund agreement must include details about the donor's initial contribution, the terms of advisory privileges granted to the donor, and the charitable purposes for which the fund may be used.