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Form 990EZDepartment of the Treasury Internal Revenue ServiceShort Form Return of Organization Exempt From Income Tax2012Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except
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How to fill out of donor advised funds

01
Step 1: Choose a sponsoring organization that offers donor advised funds (DAFs).
02
Step 2: Complete the application process with the sponsoring organization.
03
Step 3: Fund your DAF by making a contribution, which may be in cash, securities, or other assets.
04
Step 4: Select the investments for your DAF from the options provided by the sponsoring organization.
05
Step 5: Decide how much you want to recommend for grants to eligible charities.
06
Step 6: Submit grant recommendations to the sponsoring organization for approval.
07
Step 7: Keep records of your contributions and grants for tax purposes.

Who needs of donor advised funds?

01
Individuals seeking to maximize their charitable giving while enjoying tax advantages.
02
Families looking to establish a philanthropic legacy.
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Those wanting to engage in strategic grant-making over time.
04
People who wish to involve children or heirs in charitable decisions.
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Anyone aiming to simplify the process of managing multiple charitable donations.
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Donor advised funds (DAFs) are charitable giving accounts that allow donors to make contributions, receive immediate tax benefits, and recommend grants to charitable organizations over time.
Donor advised funds must be filed by the sponsoring organization that manages the fund, typically a public charity.
Filling out a donor advised fund typically involves completing the donor advised fund application provided by the sponsoring organization, stating your charitable intent, and providing necessary personal and financial information.
The purpose of donor advised funds is to provide a flexible way for donors to give to charity, allowing them to manage their charitable contributions and benefit from tax deductions.
On donor advised funds, reporting usually includes details about contributions, grants made, investment income, and the balance of the fund as required by the IRS.
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