WHAT IS A DONOR ADVISED FUND?
All contributions made to your DAF account are tax-deductible contributions. The contribution is then invested into impact portfolios and contributors use that money to grant out to charities of their choice over time. As you are deciding which great organizations to give to, your money can grow tax free in investment vehicles.
HOW IS IMPACT CHARITABLE DIFFERENT FROM OTHER DAFS?
A small portion of the billions of dollars in DAFs are invested in alignment with the donor’s charitable purposes. Unfortunately, the result is the DAF investment portfolio may create negative impacts that counter the donor’s positive philanthropic efforts. Impact Charitable believes impact investing is the solution to this dichotomy.
We believe money set aside for charity should be invested in ways that align with the donor’s philanthropic goals. We work with our donors to achieve their desired impacts through grants, targeted impact investments, and publicly traded ESG investments.
I HAVE AN EXISTING DONOR ADVISED FUND; CAN I TRANSFER IT?
It can be easy to move your existing donor advised fund to Impact Charitable. As we say, “Roll over your DAF for Impact!” The process involves opening a DAF with us and then requesting a grant from your existing donor advised fund and using the grant to fund your new DAF. Contact us for support.
CAN I PULL RETURNS FROM THE INVESTMENTS OUT OF MY DONOR ADVISED FUND?
Because the assets in the donor advised fund have been donated, they cannot be transferred back to you for your personal gain. However, the great news is the returns generated from your impact investments will allow you to ultimately give more away!
And don’t forget, you are doubling your impact: first through the investment, and then through the grants you can give with the investment returns.
HOW ARE FUNDS INVESTED WHILE ONE DECIDES HOW TO MOBILIZE THE ASSETS?
100% OF DOLLARS WILL BE DEDICATED TO MAXIMIZING IMPACT.
You are doubling your impact: first through the investments and grants you can make through Impact Charitable and with any assets waiting to be deployed. All dollars at Impact Charitable are invested in impact-focused portfolios, maximizing impact while generating a return.
Our financial institution partners include:
Pathstone – Pathstone is not only among the leading advisors for social and mission-related investing, but also an established and recognized thought leader at the industry level, with many of our advisors having more than two decades of experience advising and researching environmental, social and governance (ESG) and impact investing strategies. We continue to dedicate significant resources to provide clients with creative solutions and help them best align their investments with their values and their mission.
Native American Bank – In 2001, twenty Tribal nations and Alaska Native Corporations set out with a dream to create a national bank to serve all Native people, communities, governments and enterprises across the country and established Native American Bank, N.A.
At Native American Bank, our primary mission is to assist Native American and Alaskan Native individuals, enterprises and governments to reach their goals by providing affordable and flexible banking and financial services.
To accomplish this, we concentrate on pooling Indian economic resources to increase Indian economic independence by fostering a climate of self-determination in investment, job creation and sustainable economic growth.
ARE THERE MINIMUMS OR RESTRICTIONS FOR DONATIONS, GRANTS, OR OTHER INVESTMENT OPPORTUNITIES
As a nonprofit donor-advised fund and impact investing services provider, we offer a suite of tools, including impact investments, special purpose funds, grants and direct cash transfer programs. We do not have a minimum size for making grants.
We understand the opportunities and constraints of operating as an impact-first investor and grantor and work with our partners to understand the impact they want to make and then recommend the best tools to accomplish that mission. Impact Charitable has utilized grants to nonprofits and mission-based for profit entities, direct investments as equity and debt, as well as utilizing income-sharing agreements and direct cash transfers.
CAN A DAF BE FUNDED BY MORE THAN ONE DONOR?
Yes – A DAF can accept donations from more than one donor. Impact Charitable believes in the power of bringing like-minded philanthropists and investors together to increase impact.
HOW DO I ACCESS MY ACCOUNT
Impact Charitable has an easy-to-use platform for fund holders to use allowing them to see their fund balance, recommend grants and access other important information. If you have a fund with Impact Charitable, you can log in here.
DO YOU HAVE ANY MINIMUMS OR RESTRICTIONS?
All dollars in DAFs at Impact Charitable are targeted for impact. They are not our dollars or the donors dollars anymore. They are our community’s dollars. So, we provide as few restrictions on the use of funds as possible. If you plan to give away all of your funds in a year, that is fine with us. If you want to move all your funds into impactful investments for ten years, that is great too.
Minimum initial contribution $5,000 (or an expectation to get to that level)
We do not have a minimum size for making grants
WHAT TYPES OF ASSETS CAN I CONTRIBUTE TO MY DONOR-ADVISED FUND ACCOUNT?
Impact Charitable accepts a broad range of assets into DAFs. For more information and to receive instructions on how to contribute, please contact us.
- Crypto Currencies
- Publicly traded securities including stocks, bonds, mutual fund shares
- Restricted and controlled stock
- Privately-held stock
- Real estate
- Proceeds from life insurance or from a full-paid policy
- Private foundation grants or terminations
- Bequests and Testamentary Gifts
- Remainder interest from a charitable remainder trust
- IRA, 401(k), or other retirement account assets
WHAT IS THE DAF FEE STRUCTURE?
|Asset Level||Admin Fee|
*Based on assets under management annually and assessed quarterly