donor-advised funds and the middle-market philanthropist
TRANSCRIPT
What are they?
Why are they valuable?
What’s the collaborative model?
Presented by:
Laura Waller Miller
Gift Planning Professional
Advisor (legal, financial)
Community Foundation
Development / Fundraiser
Philanthropist
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
Source: National Philanthropic Trust –http://www.nptrust.org/what-is-a-donor-advised-fund/
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
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
Tax Advantages
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
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
Retirement Account
* This presentation does not constitute tax, financial or legal advice!! Consult your financial, tax and legal advisors for your individual situation.
Medium NW
Business owner
Family
Purposeful philanthropy
Don’t 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
Community Foundations
Large nonprofits (charitable sponsor)
Fidelity, Schwab
American Endowment Foundation
National Philanthropic Trust
Vision
Purpose
Strategic giving
Measurable impact
Actionable, affordable
Family philanthropy
Building the O.P.U.S.
Foundations / Nonprofits
Donors
Advisors
Cause
Donor DAF 1
Donor DAF 2
Donor DAF 3
Facilitator
If you give me a fish,
then you
have fed me
for a day
If you teach me how to fish . . .. . . then you have fed
me until the river is
contaminated or the
shoreline is seized for
development.
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.
Who are you?
Why are you here?
Where are you going?
Process
Structure
Organization
Engagement
Rapid Growth
Laura Waller Miller
Follow the Trends –http://Philanthropy2.wordpress.com
Connect on LinkedIn-
http://www.linkedin.com/in/lauramillermm/
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Join a cohort – Bonsai Philanthropy for fundraisers coming in September – email me for registration New member bonus package . . . .