Powerful Giving

UPDATES & REMINDERS

• Tax Documents: Annual Contributor Summaries are available in your online account, which list any contributions made by you in calendar year 2024 and can be used for tax deduction purposes. Note that the summary is generated based on the donor of the assets, not by account (i.e. if you personally made a contribution into your account and then made another contribution from a trust entity, that would generate two separate summaries. Summaries are only viewable online to the specific individual/donor (if you are a financial advisor or branch associate, the summary is not viewable to you in your online account, since you were not the donor). If you need help obtaining a summary, please email or call us at 866.687.3863.
  • For tax deduction purposes, you can use the summary OR the gift receipt that we mailed to you shortly after your contribution was processed. If you don’t have the physical copy, gift receipts are available in your online account (and viewable by financial advisors and branch associates) – navigate to Account Activity > Contribution Activity. Update the date range if necessary, then click “Print” in the far right column of the table of your contributions.

• Process Enhancements Coming Soon: An update to our Terms & Conditions is coming soon regarding DAF account change authorization and online account security. Your signature will no longer be required on some actions taken by your financial advisor, like investment recommendations and other account maintenance changes. Confirmation emails will continue to be sent to you once a change has been made, as is done today. Additionally, if you have an online account, you must log in at least once every two years to keep access. If you do not log in within the two-year timeframe, your online access will be deactivated and you will have to create a new username and password.

Did You Know?

• It’s important to understand how DAFs can – and cannot – be used to support the charitable causes important to you. Review our new blog article, Granting Guidelines for Donor Advised Funds.

• Remember you can update your DAF account’s succession plan at any time. Now is a good time to review your plan and make any necessary updates – or add a plan if you don’t have one.
  • To view your succession plan, in your DAF online account, navigate to Account Information > Account Successions
  • To make changes to your succession plan:
    • To name individuals as successor donor advisors, work with your financial advisor to submit Form 2789.
    • To name specific charities with a customized distribution plan, work with your financial advisor to submit Form 2785 (one form per charity).