Donor advised fund

Please review these facts and figures before choosing to open a DAF account.

• A $10,000 minimum contribution is required to open an account.
• There is a tiered fee schedule for investment management and administration of the account that decreases as the balance increases, with a minimum annual fee of $125.
• We ask that you maintain a minimum balance of $500 in your DAF account for any market fluctuations.
• Additional contributions must be a minimum of $500, however exceptions can be made if the contributions are in memorial of someone.
• The minimum amount to grant to a charity out of your DAF is $100.
• Grants take 3-10 business days to process because each charity is reviewed for approval according to IRS requirements for DAF distributions.

Because your contribution is fully tax deductible at the time of the donation, all grants recommended out of your DAF must satisfy IRS rules for full deductions. For this reason, grants from a DAF cannot be used in certain cases.

We cannot make grants in lieu of a pre-existing pledge.
This is because, for the IRS, a pledge has the appearance of a personal debt, so fulfilling that debt would be seen as a personal benefit.

We cannot make grants to private non-operating foundations.
Private non-operating foundations can’t receive gifts because they have different tax treatments. Therefore, you can’t earn a 100% tax deduction through your contribution to a DAF and then pass those funds to a private foundation when a donation directly to that foundation would have earned a lesser deduction. However, while a DAF cannot pay into a private foundation, the reverse is acceptable. So, if you are considering both giving options, know that you are able to move your funds directly from a private foundation to a DAF.

Other limitations
Remember, because contributions into a DAF provide you with a full tax write-off, gifts out of your DAF account cannot pay for things that are only partially deductible, such as pay dues or membership fees, purchase tickets to a benefit or purchase goods at a charitable auction. Grants may not be used for lobbying, political contributions or political campaigns.

You can recommend a grant to any U.S.-based public charity qualified under Section 501(c)(3) of the Internal Revenue Service tax code, which we will check for you.

Donors have the ability to recommend transfers of their account from one investment option to another, subject to the approval of the board of trustees.

This type of investment is not permitted.

All gifts made to your DAF, which must be in the form of securities or cash, are irrevocable.

Individuals have the opportunity to name Raymond James Charitable as beneficiary of their will, trust, IRA, annuity contract or life insurance policy. By doing so, they can create a "planned gift" that will be distributed to Raymond James Charitable after their death. To set up this type of arrangement, the attorney must use the legal name "Raymond James Charitable Endowment Fund" as the name of the beneficiary. To learn more, view the Planned Gift Donor Account Application.