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DAF contributions are immediately tax deductible to the fullest extent of the law, and assets in a DAF can grow tax free outside the donor’s estate.
DAFs typically can be funded with a wide variety of assets, such as cash, marketable securities, private business interests, real estate, restricted stock as well as cryptocurrency.
DAFs can complement other charitable vehicles such as private foundations and receive funding from charitable lead and remainder trusts.
A DAF can be established quickly with no start-up cost (although certain ongoing fees apply).
Grants can be made to a DAF anonymously.
Donors can establish a legacy by naming successor advisors to the DAF or endowing the DAF to support one or more designated charities in perpetuity. A DAF may also be named a beneficiary of a will, trust, insurance policy, or retirement account.
Glenmede Donor-Advised Fund is offered under an agreement between The Glenmede Trust Company, N.A. and National Philanthropic Trust (“NPT”), a tax-exempt public charity that maintains exclusive legal control over contributed assets. This material is intended to be a review of issues or topics of possible interest to The Glenmede Trust Company, N.A. clients and friends and it is not personalized investment, estate planning, tax or legal advice. Advice is provided in light of a client’s applicable circumstances and may differ substantially from this presentation. This material may contain Glenmede’s opinions, which may change without notice after date of publication. Information gathered from third-party sources is assumed reliable but is not guaranteed. This publication may not be used as legal or tax advice.