How do I make grants once my donor advised fund is funded?
At iGiftFund, you can recommend grants online when logged in to your account in the DonorView portal, or you may download a grant recommendation form, which you can complete and then email, mail, or fax to iGiftFund.
What types of public charities can donor advised funds make grants to?
iGiftFund will make grants to IRS-recognized public charities. iGiftFund maintains a database of these qualified charities that includes the most up-to-date information from the IRS.
If an organization is not currently listed in our database, this does not necessarily mean that a grant cannot be made to the organization. However, it will require further review. If you don’t find your organization in the DonorView portal, please submit the organization’s contact information: phone number, website URL, physical address, etc.
What do I need to know when I’m making grant recommendations?
Submitting a grant recommendation to iGiftFund is easy. If you keep the following in mind, you can help minimize processing delays: A grant must be recommended exclusively for charitable purposes. Among other things, this means that you cannotrecommend:
- A grant to a non-charitable organization
- A grant from which you or your family would receive an impermissible benefit
- A grant for admission to a charitable event if, in exchange for the grant, goods or services will be provided to you or anyone else
- A grant for a specified tuition payment or for a scholarship where the donor(s) or related parties have sole or majority discretion over the recipients
- A grant to cover the cost of memberships where “more than incidental benefits” will be received
- A grant to an individual
- A grant to satisfy a pre-existing pledge
- A grant to political contributions, or to support political campaign activities
Can I make grant recommendations to a foreign charity?
You have two options for using your donor advised fund to support charities outside the U.S. You can recommend a grant to an American charity that works overseas, or you can recommend a grant to a qualified American intermediary charity that will, in turn, make a grant to your preferred organization. Contact us for information regarding qualified intermediary charities and fees.
Can I make an anonymous grant?
Yes. If you request anonymity on the Grant Recommendation Form, iGiftFund will make the grant without disclosing your identity to the grantee organization. This can be done selectively or for all grants.
How many grants can I recommend in a year?
You can make an unlimited number of grants from your fund, provided that there are sufficient funds. Additional fees may apply to high-volume grant-making.
If you have not made grant recommendations for three years, iGiftFund will make every effort to contact you or your advisor(s) to request that a recommendation be made.