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Establishing a Donor Advised Fund at the Community Foundation Thank you for your interest in establishing a Fund at the Community Foundation of Collier County and for providing the information below.

How to fill out donor advised fund agreement

How to fill out a donor advised fund agreement:

1. Start by gathering all necessary information: Before filling out the donor advised fund agreement, make sure to collect all the required information such as your personal details, contact information, and any specific details about the assets you plan to donate.
2. Review the agreement: Take the time to carefully read through the donor advised fund agreement. Understand its purpose, terms, and conditions. If you have any questions or concerns, seek clarification from the fund administrator or an attorney specializing in philanthropic giving.
3. Complete the personal information section: Begin by providing your full legal name, address, phone number, and email address. This section ensures that your information is accurately recorded by the fund administrator.
4. Specify the contribution: Indicate the type and value of the assets you wish to contribute to the donor advised fund. This can include cash, securities, real estate, or other eligible assets. Provide a detailed description of the assets to ensure proper valuations and facilitate the transfer.
5. Designate successors or advisors: If desired, identify any successors or advisors who will have the authority to recommend grants from the fund in the future. Consider discussing this aspect with your financial advisor or attorney to ensure the appropriate designations are made.
6. Determine the investment options: Some donor advised funds offer investment options for the contributed assets. If applicable, indicate your preferences regarding the investment strategy, risk tolerance, and asset allocation. This helps align your fund with your financial goals and philanthropic vision.
7. Review and sign: Carefully review the completed donor advised fund agreement for accuracy. Once you are satisfied with the provided information, sign and date the document. It is advisable to keep a copy for your records.

Who needs a donor advised fund agreement?

A donor advised fund agreement is typically needed by individuals and families who wish to establish a donor advised fund. It is an essential document that outlines the terms and conditions of the fund, ensuring that the donor's intentions and charitable goals are properly recorded and followed. Donors who want to make significant charitable contributions, maintain a level of control over their giving, and enjoy the potential tax benefits often choose to establish donor advised funds. It is recommended to consult with a professional advisor or an attorney specializing in philanthropy to assess whether a donor advised fund agreement is suitable for your specific charitable plans and financial situation.

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What is donor advised fund agreement?

A donor advised fund agreement is a contract between a donor, a nonprofit organization, and a financial institution that sets out the terms and conditions for managing charitable contributions.

Who is required to file donor advised fund agreement?

The donor advised fund agreement must be filed by the donor who is making the charitable contributions.

How to fill out donor advised fund agreement?

To fill out a donor advised fund agreement, the donor must provide their personal information, details of the contributions, and any specific instructions for distributing the funds.

What is the purpose of donor advised fund agreement?

The purpose of a donor advised fund agreement is to establish guidelines for how the charitable contributions will be managed and distributed.

What information must be reported on donor advised fund agreement?

The donor advised fund agreement must include details of the contributions, any restrictions on the use of the funds, and instructions for distributing the funds.