Here Is How A Donor Advised Fund Works:

  • Choose from among a wide range of assets types then make a contribution to a fund in the name of iGiftFund for the benefit (FBO) your Fund (i.e. Jones Family Foundation).
  • The gift qualifies for immediate and maximum tax benefits.
  • The assets are placed in an investment account which your investment advisor can manage and where growth is tax- free.
  • You recommend grants to your favorite charities on your own schedule.
  • The fund can go on as your family’s charitable legacy over successive generations.

Benefits

  • Immediate and maximum tax benefits.
  • Simple and quick to setup – $5,000 minimum.
  • iGiftFund handles the administration and IRS reporting.
  • You can contribute a wide range of assets including cash, marketable securities, restricted and privately held stock, real estate, life insurance policies and other DAFs.
  • Works well as the beneficiary of a bequest, an IRA, a Charitable Remainder Trust, a Charitable Lead Trust or life insurance proceeds.
  • Can support any eligible charity in the country.
  • An effective parenting or grandparenting tool to pass on values.
  • iGiftFund offers a level of flexibility and personalization not available in most other programs.

Typical Donor Scenarios

A Donor Advised Fund can be a solution if you are:

  • Experiencing an extraordinarily high-income year or approaching retirement.
  • Struggling with potential taxes involved with selling a highly appreciated asset.
  • Questioning how best to support several charities over a number of years through one gift.
  • Seeking flexibility to change your charitable beneficiaries over time.
  • Wanting to engage your spouse, children, and grandchildren in charitable giving as a way to pass on family values.
  • Concerned about the time and complexity in gifting appreciated investment assets to more than one charity.
  • Experiencing fluctuating income that makes it hard to maintain a steady level of giving.
  • Concerned about the cost, complexity and lack of privacy of a private foundation.
  • Concerned that a large gift might overwhelm your favorite charity.

You may consider a Donor Advised Fund if you:

  • Want to ensure that you, or someone you love, will be remembered.
    • Want to pass on the family values of giving to your children and grandchildren.
    • Want to create your charitable legacy now and fund it while living and/or at the time of your death.
    • Want the best tax benefits available.
    • Appreciate creative solutions for tailoring your charitable legacy in simple, smart and meaningful ways.
    • Want the assurance that your trusted advisor remains involved to ensure that your charitable legacy carries on over successive generations.

Why iGiftFund?

  • Independence – iGiftFund is not affiliated with a financial service or mutual fund company and does not limit investments to proprietary pools of mutual funds.
  • You can recommend that your investment advisor manage investments on your familiar platform.
  • Experience – Phil Tobin has over 30 years of experience in Donor Advised Funds, arguably the longest in the industry.
  • iGiftFund offers individualized, concierge-level service.

What’s next? – Five Easy Set-up Steps

  1. You, with the help of your advisor, complete iGiftFund’s Donor Advised Fund application found at www.iGiftfund.org/forms.
  2. iGiftFund completes and signs your advisor’s investment account application paperwork in the name of iGiftFund fbo (your Fund’s name) including your advisor’s investment advisory agreement, if applicable.
  3. Your advisor creates a new investment account on your preferred platform.
  4. You authorize the transfer of assets to the new iGiftFund fbo (your Fund’s name) investment account.
  5. iGiftFund sends you a gift acceptance letter and instructions on how to access DonorView (iGiftFund’s donor portal) where you can recommend grants.

Click here to download a pdf version of this resource for your clients.

Questions?