DONOR ADVISED FUND for Organizations
There are several advantages for an organization opening a Donor Advised Fund (DAF) with Legacy Ministry Services. Legacy serves your organization as a partner in overseeing much of the administrative work required. Below is a list of key benefits in having a Legacy DAF:
- Flexible Donor Advisor Selection: Choose the individuals or parties who will serve as donor advisors for the fund.
- Professional Fund Management: Legacy oversees the investment of funds in accordance with the organization’s guidelines.
- Operational Ease: Legacy handles the day-to-day operations, while the organization retains control over fund allocation and disbursement decisions.
- Versatile Granting Options: Make one-time or recurring grants with ease, tailored to your specific needs.
- Comprehensive Tax Reporting: Legacy manages all tax-related reporting, including Form 990 and other necessary filings.
- Effortless Fund Distribution: Donor advisors provide instructions for fund disbursement, with Legacy ensuring compliance and fulfilling distribution requirements.
- Regulatory Compliance: Legacy ensures full adherence to regulatory standards, including verifying the tax-exempt status of recipients.
- Streamlined Succession Planning: Facilitates smooth and efficient succession planning for continued legacy giving.
- Transparent Communication: Receive monthly statements, with dedicated staff available to assist with any fund-related inquiries.