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The Benefits of Rotary’s Donor Advised Fund

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This webinar explains how The Rotary Foundation Donor Advised Fund can help you save money now and help communities later. Past Rotary International Vice President Greg Podd will discuss the benefits and ease of streamlining your philanthropy.

Published in: Government & Nonprofit
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The Benefits of Rotary’s Donor Advised Fund

  1. 1. THE ROTARY FOUNDATION DONOR ADVISED FUND
  2. 2. EASY AS PIE
  3. 3. THE ROTARY FOUNDATION DONOR ADVISED FUND SO WHAT IS A DONOR ADVISED FUND?
  4. 4. THE ROTARY FOUNDATION DONOR ADVISED FUND 3 SIMPLE STEPS
  5. 5. THE ROTARY FOUNDATION DONOR ADVISED FUND FOUR INVESTMENT PORTFOLIOS 100% money market fund and short-term instruments 25% stock funds, 75% bond funds, and short-term instruments 50% stock funds, 50% bond funds, and short-term instruments 75% stock funds, 25% bond funds, and short-term instruments
  6. 6. THE ROTARY FOUNDATION DONOR ADVISED FUND ADMINISTRATIVE SERVICE FEE = .70% INVESTMENT MANAGEMENT FEE = .25%
  7. 7. THE ROTARY FOUNDATION DONOR ADVISED FUND GIVE A GIFT LET IT GROW MAKE A DIFFERENCE
  8. 8. WHY ESTABLISH A TRF DAF ACCOUNT? THE ROTARY FOUNDATION DONOR ADVISED FUND
  9. 9. GROUP ACCOUNTS THE ROTARY FOUNDATION DONOR ADVISED FUND
  10. 10. THE ROTARY FOUNDATION DONOR ADVISED FUND GROUP ACCOUNT FEATURES & BENEFITS  Enable club members and others to make tax deductible contributions.  With a DAF account, a club does not have to worry about managing the investments and the fiduciary responsibilities.  The Rotary Foundation takes care of IRS tax reporting issues, including filing a Form 990.  Avoid legal fees of establishing a 501(c)(3).  Support TRF’s Annual Fund with a yearly grant of 1% of the account’s value.  Name 2-4 individuals to serve as account advisors to make grant and investment recommendations.  Contributions from TRF DAF to global grants are matched $0.50 on the dollar.  Confirmation of contributions and grants.  Consolidated quarterly account statements.  Online account access to view grant and account activity at any time.
  11. 11. THE ROTARY FOUNDATION DONOR ADVISED FUND FOR GROUP OR CLUB WITH OWN FOUNDATION  Contribute assets of a club foundation to a Group Account  Can recommend grants to the club foundation as needed to support its charitable projects  Reduce administrative burden by letting the DAF issue receipts, account for the funds on tax filings, and manage investments  Reduce complex tax preparation by keeping minimum assets in the club foundation THE ROTARY FOUNDATION DONOR ADVISED FUND
  12. 12. INDIVIDUAL ACCOUNTS THE ROTARY FOUNDATION DONOR ADVISED FUND
  13. 13. INDIVIDUAL ACCOUNT BENEFITS  Support TRF programs with a minimum yearly grant of $250 to the Annual Fund  Leave a personal legacy to the Endowment Fund: - Half (or more) of the funds left in the account when the surviving spouse passes away will be transferred to Rotary’s Endowment. - Remaining funds may be designated for another charity. - Name children as successors if the balance of the account is $150,000 or more before the transfer to the Endowment Fund.  Benefactor or Bequest Society when the account is opened  Paul Harris Fellow and Major Donor Recognition for grants from the DAF to TRF THE ROTARY FOUNDATION DONOR ADVISED FUND
  14. 14.  Make lump sum year-end gifts to the account to maximize tax benefits  Make one transfer of securities to the account  Access your account on-line, any time of day or night  Recommend grants throughout your retirement years  Send all or any of your grants anonymously through a TRF DAF  Establish an account for your children or grandchildren  Make a gift during your lifetime and reduce your overall taxable estate THE ROTARY FOUNDATION DONOR ADVISED FUND INDIVIDUAL ACCOUNT BENEFITS
  15. 15. THE ROTARY FOUNDATION DONOR ADVISED FUND “THE DONOR ADVISED FUND IS A GREAT TOOL … … for managing my charitable giving. I can take advantage of the tax deduction on appreciated stock, and then have the proceeds reinvested and continue to grow. When a project comes along that I want to support, the funds are there.’’ — Past Trustee Stephen Brown
  16. 16. THE ROTARY FOUNDATION DONOR ADVISED FUND GIVE A GIFT LET IT GROW MAKE A DIFFERENCE
  17. 17. THE ROTARY FOUNDATION DONOR ADVISED FUND JAMES DITTRICH DONOR ADVISED FUND SPECIALIST 847-866-3359 james.dittrich@rotary.org
  18. 18. THE ROTARY FOUNDATION DONOR ADVISED FUND rotary.planmygift.org/daf
  19. 19. THE ROTARY FOUNDATION DONOR ADVISED FUND FAQs  Will I earn recognition for giving to a Rotary DAF?  Individual accounts may be eligible for Bequest Society, however, contributions into the DAF will never earn recognition. Only when the DAF supports Rotary programs is there potential for recognition.  Can I use a DAF to fund scholarships?  Account advisors may not choose the individual who receives the scholarship, but they can recommend grants to educational institutions. There are additional restrictions, which should be discussed with the DAF Specialist when considering scholarship grants.  Can I use my DAF to cover a gala or dinner ticket?  Since you are receiving a tangible good or benefit – in this case dinner or admission – you cannot use the DAF to cover this cost as it is not 100% deductible.  Can I increase my annual transfer?  Yes. Although the minimum is $250, many account holders have increased their annual transfer to $1,000 or $2,000 to ensure that they and their spouse meet their Paul Harris Society at the beginning of every new Rotary year.  Is there a minimum balance requirement?  After the account has been funded with the minimum $10,000 initially, there is no minimum balance requirement after that.  Can I give to the DAF using my IRA’s Qualified Charitable Distribution (QCD)?  Although donors who are 70 ½ or older may utilize the QCD to support 501(c)(3) charities, the IRS does not allow this money to go to a Donor Advised Fund account.
  20. 20. THE ROTARY FOUNDATION DONOR ADVISED FUND QUESTIONS? THE ROTARY FOUNDATION DONOR ADVISED FUND
  21. 21. EASY AS PIE Created on 1 May 2018

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