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DONOR ADVISED FUND AGREEMENT (EXPENDABLE×SECTION A:LEGAL Agreements document establishes a Donor Advised Fund (DAF) within the Community Foundation of Tompkins County, a nonprofit public charity
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How to fill out donor-advised fundsinternal revenue servicedonor-advised

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To fill out a donor-advised fund with the Internal Revenue Service (IRS), you must follow these steps: 1. Determine the fund's purpose and goals.
02
Research and find the appropriate donor-advised fund provider.
03
Complete the provider's application form, providing all necessary information.
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Transfer assets or funds to the donor-advised fund account according to the provider's instructions.
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Review the fund's investment options and choose suitable investments based on your goals.
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Follow any reporting requirements set by the IRS and your provider.
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Monitor and manage your donor-advised fund account regularly to ensure it aligns with your philanthropic goals.

Who needs donor-advised fundsinternal revenue servicedonor-advised?

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Individuals or families who are interested in maximizing their charitable giving while enjoying additional tax benefits can benefit from donor-advised funds.
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Donor-advised funds are accounts managed by a public charity where donors can recommend how the money is distributed to other charitable organizations.
Organizations that operate donor-advised funds are required to file Form 990 with the IRS.
To fill out donor-advised funds, organizations need to provide detailed information about their operations and how they distribute funds to charitable organizations.
The purpose of donor-advised funds is to provide donors with a flexible and tax-efficient way to support charitable causes.
Organizations must report on the contributions they receive, the grants they distribute, and any expenses related to managing the funds.
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