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The Crimson Legacy — Donor Advised Fund Special Edition UA Home The University of Alabama Copyright © 2003-2008 RFSCO |
Five Easy Steps for Creating a DAF
The Office of University Advancement will provide quarterly reports on your fund's performance and gift distributions. Our staff is committed to providing timely, personal, professional service and guidance. The University of Alabama Handles the Details
Our staff members handle all fund maintenance, investment management and distributions from your fund, as well as tax reporting and record keeping. It can also be much simpler to transfer the value associated with appreciated securities to a number of charitable interests by making one transfer to your DAF and then directing sales proceeds as you wish over time. You receive timely confirmation of every gift made from your Donor Advised Fund, as well as quarterly reports on your fund's balance and activity. In addition, instead of having to track down and secure a receipt for each gift you make to a charity, with your University of Alabama Donor Advised Fund you need keep only the receipt for the gifts you make to your fund, which greatly simplifies your tax filings. How to Establish a Donor Advised Fund Unlike private foundations, the creation, administration, and management of a DAF are neither expensive nor time-consuming. The University handles all legal, administrative, and filing requirements. It is not necessary to have complex documents drafted or approved, and there are no additional tax records or receipts for you to keep track of. The investment strategy for The University of Alabama's Donor Advised Fund is to provide prudent management of fund assets, while producing ample income from which to make gifts, as well as tax-free growth of assets over time. The best investment strategy for your Donor Advised Fund depends on its philanthropic goals. We will work with you in developing an investment approach that has the best potential to match the time horizons and cash needs consistent with your fund's gift objectives. A description of investment options is available from our offices. Under special circumstances, other investment options may be available. Please contact us for more information on the various options available. Investment
Options Summary — PDF, 1.6 mb The Fund Created Today Can Continue in the Future Many alumni and friends enjoy the flexibility of Donor Advised Funds. The funds permit the donor to make gift recommendations that may be paid from both income and principal and provide the ability to distribute up to the entire fund balance. You may consider your Donor Advised Fund as a benefi ciary of your long-range financial plans. Contributions may be made through your will, trust, or a beneficiary designation of your retirement plans or life insurance policies.
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The
Donor Advised Fund program is designed to streamline the process
of making your charitable gifts.