Get the free Donor Advised Fund Agreement - Benton Community Foundation - bcfgives

Donor Advised Fund Agreement This agreement (Agreement) is made to create a donor advised fund between (collectively, Donor) and Benton Community Foundation (BCF). The terms of this Agreement may

How to fill out donor advised fund agreement

How to fill out donor advised fund agreement:

1. Gather necessary information: Start by collecting all the required information, including your personal details, the name of the fund, and any specific instructions or guidelines you want to include in the agreement.
2. Understand the terms and conditions: Read through the donor advised fund agreement carefully to ensure you understand all the terms and conditions. Pay attention to any limitations or restrictions on how the funds can be used.
3. Fill out donor information: Provide your name, address, contact information, and any other required details as specified in the agreement. Make sure to double-check the accuracy of the information provided.
4. Specify contribution amounts: Indicate the amount of money or assets you wish to contribute to the donor advised fund. If you plan to make regular contributions, clarify the frequency and timing.
5. Designate investment preferences: If the donor advised fund allows for investment options, specify your preferences regarding how you would like the funds to be invested. You may choose from various investment vehicles such as stocks, bonds, or mutual funds.
6. Determine grant recommendations: Decide which charitable organizations or projects you would like to support through grants from the donor advised fund. Include any specific criteria you want to apply when considering grant recommendations.
7. Name successors or beneficiaries: In case of your incapacity or death, it is essential to name successors or beneficiaries who will take over the management and decision-making of the donor advised fund.
8. Review and sign the agreement: Carefully review all the information provided in the donor advised fund agreement. Once you are satisfied with its content, date and sign the document to make it legally binding.

Who needs a donor advised fund agreement?

1. Individuals: Individuals who wish to have a structured approach to their charitable giving and want to make substantial donations while maintaining control over the funds.
2. Families: Families who want to involve multiple generations in their philanthropy and pass down charitable values to their children or grandchildren.
3. Foundations: Foundations that want to maintain a donor advised fund to supplement their giving options and further streamline their grant-making process.
4. Nonprofit organizations: Nonprofit organizations that want to establish a donor advised fund to offer their donors an alternative option for managing and distributing their charitable contributions.
5. Wealthy individuals or families: Wealthy individuals or families who want to enjoy immediate tax benefits by making a large contribution to a donor advised fund and then gradually distribute the funds to multiple charitable organizations over time.

Remember, it is always advisable to consult with a legal or financial professional when filling out a donor advised fund agreement to ensure compliance with applicable laws and regulations.

For pdfFiller’s FAQs

What is donor advised fund agreement?

A donor advised fund agreement is a contract between a donor and a charity that establishes guidelines for the donor's contributions and recommendations for how the charity should use those funds.

Who is required to file donor advised fund agreement?

The charity receiving the donor advised fund is required to file the agreement.

How to fill out donor advised fund agreement?

You can fill out a donor advised fund agreement by specifying the terms of the donation, the purpose of the funds, and any restrictions on their use.

What is the purpose of donor advised fund agreement?

The purpose of a donor advised fund agreement is to ensure that the donor's intentions are carried out by the charity in a way that aligns with their values and goals.

What information must be reported on donor advised fund agreement?

The donor's name, donation amount, restrictions or recommendations for use of the funds, and any other relevant details must be reported on the donor advised fund agreement.

How do I execute donor advised fund agreement online?

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