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SIMPLIFY YOUR CHARITABLE GIVING

This popular fund type is easy to use and a tax-smart way of streamlining your giving.

Dissolving a family foundation into a DAF
Dissolving a family foundation into a DAF
Cedric Major created a donor-advised fund in The Trust by terminating his family foundation. He, and the other advisors he appointed, recommended grants for years. After they passed, his fund became unrestricted. Today we use his gift to fund scores of projects that help New Yorkers.
Benefits of a Donor-Advised Fund

You are in the driver’s seat: You make gifts, and get an immediate tax benefit. Then you recommend grants to charities of your choice: We vet the nonprofits, write the checks, and handle the paperwork. While the recommendations can’t be binding (under IRS rules, our board has the final say), we take your suggestions very seriously.

Make it a family affair: You can name other advisors who may join or succeed you in recommending grants. As soon as we have your fund agreement and gift, you and those you appoint can start making suggestions. Of course, you can change who can make suggested grants from your fund.

Donor-advised funds can give you:

  • A way to recommending grants to dozens of charities without having to worry about the paper work
  • An immediate tax deduction without having to make decisions right away about which charities to support
  • Services of professional grantmaking, financial, and investment staff
  • An opportunity join a vibrant community of generous New Yorkers and take part in a number of free donor events
  • A way to build an endowed fund over time

Couple looking at their finances
What it Costs

Our donors take satisfaction in knowing their modest fees support our work to make New York better for all.

Donor-advised funds are assessed the following annual administrative fee. It is the greater of:

50 basis points (5/10 of 1%) of the average market value (Example: Average market value of $300,000 = $1,500)

or

2.5% of grants paid (Example: Grants of $15,000 = $375). 

The fee is based on market value and taken in quarterly installments. If the fee collected by the end of the year is less than 2.5% of grants paid, then the difference will be withdrawn during the first quarter of the following year.

Cash waiting to be distributed in grants, identified as the “Grantmaking Account” on a donor statement, does not earn interest for the fund.

The fee on an individual grant of $500,000 or more is reduced to 1%.

Funds exceeding $50 million may be subject to further discount (depending on the nature of the holdings).

The minimum annual fee is $100.

Create a Donor-Advised Fund Today
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See a sample of our donor-advised fund form
Link to sample form