Donor-Advised Funds and the middle-market philanthropist
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Donor advised funds are a powerful philanthropic tool for those of modest net worth. It's also a way for nonprofits to form valuable collaborative partnerships with their donors.
Donor-Advised Funds and the middle-market philanthropist
- 1. What are they? Why are they valuable? Whats the collaborative model? Presented by: Laura Waller Miller Gift Planning Professional
- 2. Advisor (legal, financial) Community Foundation Development / Fundraiser Philanthropist
- 3. Allows for purposeful planning Multiply and leverage charitable gifts Permits spontaneous generosity Donor can be strategic Lifetime and Legacy giving Tool for meaningful, ongoing engagement PASS ON Values Beliefs Life Lessons TO Causes People Institutions
- 4. Source: National Philanthropic Trust http://www.nptrust.org/what-is-a-donor-advised-fund/
- 5. Technical Process Make irrevocable gift of personal assets Name the Donor- Advised Fund and appoint advisors, successors Name charitable beneficiaries (now & later) Philanthropy for the average person Tax Advantages Immediate maximum allowable tax deduction 50% for cash gifts 30% for other assets 5-year carry forward on gifts that exceed AGI limit Investment of assets grow tax free
- 6. DAF Set aside current $ for a general purpose (philanthropy) Tax-favored status* Immediate tax deduction Tax-free growth Saving, spending plan connected to specific desired results Retirement Account Set aside current $ for specific purpose (retirement) Tax-favored status* Deferred or Avoid taxes Tax-free growth Saving, spending plan connected to specific desired results * This presentation does not constitute tax, financial or legal advice!! Consult your financial, tax and legal advisors for your individual situation.
- 7. Medium NW Business owner Family Purposeful philanthropy Dont want a lot of administration or compliance Want to use tax deduction but not ready to commit to any one cause Any age Long-term giving lifetime & legacy
- 8. Community Foundations Large nonprofits (charitable sponsor) Fidelity, Schwab American Endowment Foundation National Philanthropic Trust
- 9. Vision Purpose Strategic giving Measurable impact Actionable, affordable Family philanthropy Building the O.P.U.S.
- 10. Foundations / Nonprofits Donors Advisors
- 11. Donor DAF 1 Cause Donor DAF 2 Donor DAF 3 Facilitator
- 12. If you give me a fish, then you have fed me for a day
- 13. If you teach me how to fish . . . . . . then you have fed me until the river is contaminated or the shoreline is seized for development.
- 14. But if you teach me to ORGANIZE . . . . . . then whatever the challenges, I can join together with my peers and we will fashion our own solution.
- 15. Who are you? Why are you here? Where are you going? Process Structure Organization Engagement Rapid Growth
- 16. Laura Waller Miller Follow the Trends http://Philanthropy2.wordpress.com Connect on LinkedIn-http:// www.linkedin.com/in/lauramillermm/ Book a private session - www.Liveninja.com/lauranne/ Join a cohort Bonsai Philanthropy for fundraisers coming in September email me for registration New member bonus package . . . . Unleashed.abundance@gmail.com