SERVICES
EDUCATION, ASSESSMENT & EXECUTION
Education
Gain a deeper understanding of Donor-Advised Funds (DAFs), and the potential associated with giving illiquid assets
Assessment
Review your readiness to start a “white label” DAF program of your own, and gauge your tolerance and capacity to manage donations of complex gifts
Execution
Project manage all or part of your new private label DAF, and partner with us to manage complex gifts of appreciated assets
Education
The most important step to accessing new funds held at DAFs is to know your donors. Building your understanding about DAFs increases your appreciation for why your donor’s give there and ultimately how you can play off that decision they’ve made to use a DAF. Likewise, engaging in a conversation about gifts of appreciated non-cash assets requires a knowledge of those key words and concepts.
Education
The first step to building stronger conversations with donors about their commitment to your mission through their Donor-Advised Fund accounts is to be smarter about DAFs and why donors choose to give money there. Likewise, engaging in a conversation about gifts of appreciated non-cash assets requires a knowledge of the words and concepts.
Assessment
Assessing your Donor Advised Fund – How can a charity start a DAF?
Is your existing DAF delivering what you planned for when you created it? Does it effectively represent your brand and value proposition? Is it competing effectively in the marketplace? Is it being managed efficiently? Are your donors delighted by your DAF offering?
Or, maybe you’re considering opening a new DAF as a way of supplementing the dollars you already raise. Many organizations have done that – over 1,000 according to the 2018 National Philanthropic Report on Donor Advised Funds. But should you leverage a white label outsourced DAF solution or one you fully manage in-house?
It’s not just organizations like the “national” firms who host successful DAFs. Community Foundations actually started the concept of donor advised accounts back in the 1930s. And with 10% of all individual gifts now going to DAFs and a contribution growth rate of 16% over 2017, universities, colleges, and single mission organizations have moved to create funds to accept DAF accounts too. So – should your organization jump on the bandwagon?
We bring almost 30 years of knowledge and first hand experience in managing a large donor-advised. If starting a new donor-advised fund is part of your business plan or upgrading an existing program, we can help you get started on the path with the right foot forward.
Aligning your Gift Acceptance Policy for Illiquid Asset Gifts with your practices
Understanding the words around the many types of non-cash assets is only the beginning of the effort to accept complex assets. The tax consequences to both donors and charities alike need to be understood, the nuances of ownership transfer, the known – and hidden – liabilities for accepting such gifts, all should be part of your organization’s plan for managing non-cash gifts. We’ll help review your gift acceptance policy(ies) to ensure your internal practices are effective, efficient, and consistent.
Execution
Embarking on some of these changes can be daunting. You may not have the internal skills or the capacity to take on this work, especially if its going to be a discrete project with a definite end date. Our team and resources can help make this important work a reality for your organization.
Execution
Embarking on some of these changes can be daunting. You may not have the internal skills or the capacity to take on this work, especially if its going to be a discrete project with a definite end date. Our team and resources can help make this important work a reality for your organization.