Individuals, families, trusts, companies, foundations, and other entities can start a donor-advised fund account at iGiftFund by completing a simple application and contributing assets. iGiftFund may also accept contributions from other donor-advised funds and private foundations, and can be named as the beneficiary of charitable trusts, retirement plans, life insurance policies, and bequests.
To start a donor-advised fund with the iGiftFund, you’ll need to make a contribution of $25,000 or more. Once your account is established, you and others can make subsequent contributions of $1,000 or more. Please note, you may set up a donor-advised fund now but fund it later; for example, as part of your overall [...]
There is no minimum balance for a donor-advised fund. There is a minimum administrative fee of $600 annually.
Yes. You have maximum flexibility in naming your fund. Most donors choose a name that reflects the family name, such as “The Jones Family Fund” or “The Jones Family Foundation.” You may also select a name that enables you and your family to remain anonymous.
At iGiftFund, most funds can be established in a day. Once you submit a completed donor application and contribution form, your account is established and ready to receive contributions. Many will send a check along with the application. If you want your financial advisor to be involved, have them contact us to coordinate the gift acceptance, [...]
Yes. You can name them as an advisor, contingent advisor, or successor advisor to your fund. We are somewhat unique in allowing children and grandchildren, as young as 8 years, to participate “under your direction” in your donor-advised fund.
Yes. Your account assets can be split between multiple successors. Or, you can have your successors share in the advising responsibilities. Your successor advisors can also name their own successor advisors. We offer several creative ways in which your donor-advised fund can continue in perpetuity.
You can create an investment program that’s tailored to your individual goals and objectives. iGiftFund works with all custodial platforms, and each investment account is separated and can be individually managed on your familiar investment platform. You may recommend your trusted financial advisor to manage investments, in open architecture, either on a brokerage (transactional) basis or [...]
We charge an administrative fee quarterly in advance to your account. These fees cover gift acceptance, investment oversight, grant-making, recordkeeping, annual audits, tax filing, quarterly statements, insurance, and various other operating expenses. We charge any investment management fees to your account. These fees vary according to the investment program that you and your financial advisor recommend.
You can designate one or more charitable organizations as charitable beneficiaries. Or, you can distribute the account’s assets in perpetuity in your name. If you don’t select either option, iGiftFund will annually distribute 5% of your account’s balance to the charitable organizations that best match your grant history and intent.