+ DONOR ADVISED FUND GUIDELINES >>

Can I name my Donor Advised Fund as the beneficiary of my IRA, 401(k), or other retirement account?

Yes, you can donate your traditional IRA, 401(k), and some other tax-deferred assets to a donor advised fund account upon death by way of a beneficiary designation.

Can I contribute a commercial annuity?

Yes, but typically the transfer will trigger a taxable event. Consult your tax advisor first.

What is the IRS Form 8283?

You must file Form 8283, with iGiftFund’s signed acknowledgement, if the amount of your deduction for all noncash gifts is more than $5,000 (except certain publicly traded securities). Blank forms and instructions can be obtained from the IRS website through this link. If iGiftFund disposes of those assets within three years of the date of your contribution, iGiftFund will prepare Form 8282 and submit it to the IRS.

Will I get a gift acceptance receipt for my contributions?

Yes. You will receive a written confirmation of your contribution(s). This confirmation serves as a receipt for your taxes. It will also be available in your DonorView portal.

Can I use my donor advised fund for fundraising?

No.

What happens to my Donor Advised Fund if there are no successors?

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 reasonably best matches your grant history and intent.

Can other people contribute to my Donor Advised Fund?

Anyone can make tax-deductible charitable contributions to your fund.  Contributions are tax-deductible for the donor and must meet the criteria outlined in the Program Description and Guidelines.