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- Donor_advised_fund abstract "A donor-advised fund is a charitable giving vehicle administered by a public charity created to manage charitable donations on behalf of organizations, families, or individuals. To participate in a donor advised fund, a donating individual or organization opens an account in the fund and deposits cash, securities, or other financial instruments. They surrender ownership of anything they put in the fund, but retain control over how their account is invested, and how it distributes money to charities. A donor-advised fund provides a flexible way for donors to pass money through to charities—an alternative to direct giving or creating a private foundation. Donors enjoy administrative convenience (the sponsoring organization does the paperwork after the initial donation), cost savings (a foundation requires around 2.5% to 4% of its assets each year to run), and tax advantages (versus individual giving) by conducting their grantmaking through the fund.A donor advised fund has some disadvantages compared to a private foundation. A private foundation can accept donations of unusual or illiquid assets (e.g., part ownership of a private company, art, real estate, partnerships or limited partnership shares), which a donor advised fund cannot. This is a consideration for some cases. In addition, the founders or board of a private foundation have complete control over where its giving goes within broad legal bounds. In a donor advised fund, the donor only advises the sponsoring organization where the money should go. While rare, a sponsoring organization could conceivably alter the donor's intent. In addition, most donor advised funds can only give to IRS certified 501(c)(3) organizations or their foreign equivalents. This rules out, for example, most kinds of donations to individuals, and scholarships—both things a private foundation can do more easily. Donor advised funds do reap a significant cost advantage (foundations carry a 2.5-4% of assets overhead expense to maintain, a 1-2% excise tax on NET investment earnings and a required 5% spending of assets each year) but may also have one more drawback---limited lifetime. While a foundation can persist for generations or in perpetuity, some sponsoring organizations impose a "sunset" on donor advised funds, after which they collapse individual funds into their general charity pool.The New York Community Trust pioneered donor-advised funds in 1931. Though the second such fund was not created until 1935, the field has greatly expanded since, as commercial sponsors, educational institutions, and independent charities started offering the service. Donor-advised funds are the fastest growing charitable giving vehicle in the U.S.—more than 175,000 donor-advised accounts, hold over $37 billion in assets.Because a public charity houses the fund, donors receive the maximum tax deduction available, while avoiding excise taxes and other restrictions imposed on private foundations. Further, donors avoid the cost of establishing and administering a private foundation, including staffing and legal fees. The donor receives the maximum tax deduction at the time they donate to their account, and the foundation that administers the fund gains full control over the contribution, granting the donor advisory status. As such, the administrating fund is not legally bound to the donor, but makes grants to other public charities on the donor's recommendation. Most foundations that offer donor advised funds only make grants from these funds to other public charities, and usually perform due diligence to verify the grantee's tax-exempt status.".
- Donor_advised_fund wikiPageExternalLink content.cfm?ItemNumber=5275&navItemNumber=5276.
- Donor_advised_fund wikiPageExternalLink 05_Summary_of_S__2020_1128.pdf.
- Donor_advised_fund wikiPageExternalLink jfp1103-art8.cfm.
- Donor_advised_fund wikiPageExternalLink choosing-right-charitable-vehicle-comparison-private-foundations-supporting-organiza.
- Donor_advised_fund wikiPageExternalLink daf-report.
- Donor_advised_fund wikiPageExternalLink national-foundation-inc-v-united-states-america.
- Donor_advised_fund wikiPageExternalLink stock-donator-vs-donor-advised-funds.
- Donor_advised_fund wikiPageID "3608674".
- Donor_advised_fund wikiPageRevisionID "628113055".
- Donor_advised_fund hasPhotoCollection Donor_advised_fund.
- Donor_advised_fund subject Category:Charitable_organizations.
- Donor_advised_fund type Abstraction100002137.
- Donor_advised_fund type CharitableOrganizations.
- Donor_advised_fund type Group100031264.
- Donor_advised_fund type Organization108008335.
- Donor_advised_fund type SocialGroup107950920.
- Donor_advised_fund type YagoLegalActor.
- Donor_advised_fund type YagoLegalActorGeo.
- Donor_advised_fund type YagoPermanentlyLocatedEntity.
- Donor_advised_fund comment "A donor-advised fund is a charitable giving vehicle administered by a public charity created to manage charitable donations on behalf of organizations, families, or individuals. To participate in a donor advised fund, a donating individual or organization opens an account in the fund and deposits cash, securities, or other financial instruments.".
- Donor_advised_fund label "Donor advised fund".
- Donor_advised_fund sameAs m.09pp45.
- Donor_advised_fund sameAs Q5296796.
- Donor_advised_fund sameAs Q5296796.
- Donor_advised_fund sameAs Donor_advised_fund.
- Donor_advised_fund wasDerivedFrom Donor_advised_fund?oldid=628113055.
- Donor_advised_fund isPrimaryTopicOf Donor_advised_fund.