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- Donor_advised_fund abstract "A donor-advised fund is a charitable giving vehicle administered by a public charity and created for the purpose of managing charitable donations on behalf of an organization, family, or individual. A donor-advised fund offers the opportunity to create an easy-to-establish, low cost, flexible vehicle for charitable giving as 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.However, from some perspectives, a donor advised fund may have some disadvantages versus a private foundation. Namely, a private foundation can accept donation of unusual or illiquid assets (part ownership of a private company; art; real estate; partnerships or limited partnership shares) which a donor advised fund cannot. This can be a significant consideration in some cases. In addition, the founders/board of a private foundation have complete control over where its giving goes within broad legal bounds. In a donor advised fund, technically, the donor only advises the sponsoring organization where the money should go. While rather 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, ruling out, for example, individual charity or scholarships, both things a private foundation can more easily do. 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 theoretically for generations/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 the development of donor-advised funds in 1931. Although the second such fund was not created until 1935, in the decades since the field has greatly expanded as commercial sponsors, educational institutions, and independent charities started offering the service. Donor-advised funds are the fastest growing charitable giving vehicle in the United States of America, with more than 175,000 donor-advised accounts established, holding over $37 billion in assets.Because the fund is housed in a public charity, donors receive the maximum tax deduction available, while avoiding excise taxes and other restrictions imposed on private foundations. Further, donors do not incur the cost of establishing and administering a private foundation, including staffing and legal fees. Since the maximum tax deduction is received by the donor at the time of the gift, the foundation administering the fund gains full control over the contribution, granting the donor advisory status. As such, they are not legally bound to the donor, but make grants to other public charities upon the donor's recommendation. Most foundations that offer donor advised funds will only make grants from these funds to other public charities, and will 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 donor-advised-funds?protected=true.
- 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 "605659018".
- 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 and created for the purpose of managing charitable donations on behalf of an organization, family, or individual. A donor-advised fund offers the opportunity to create an easy-to-establish, low cost, flexible vehicle for charitable giving as an alternative to direct giving or creating a private foundation.".
- 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=605659018.
- Donor_advised_fund isPrimaryTopicOf Donor_advised_fund.