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UK Philanthropy Gift & Estate Planning

Centralize Your Giving With
Donor Advised Funds

Your financial and charitable goals are a reflection of your commitment to support the future of your loved ones, charitable organizations you value, such as the University of Kentucky, and the greater community. But sometimes it can be difficult to keep track of the organizations you wish to support and the documents required to receive your benefits from charitable gifts. A convenient and easy way to organize your charitable intentions is to create a donor advised fund. Consider it one-stop giving.

A donor advised fund (DAF) gives you the flexibility to recommend how much and how often money is granted to the University of Kentucky and other charities. You transfer cash or other assets to the UK Donor Advised Fund, community foundation, commercial donor advised fund, or other sponsoring organization. You can then recommend how much and how often money is granted.

Setting up a DAF qualifies you for a federal income tax charitable deduction when you make a gift to the fund—without immediately having to choose the charities you want to support. If you so choose, you can support a number of charitable organizations without having to retain records for a number of separate contributions.

Donor Advised Funds

How It Works

  1. You open a DAF by written agreement with the UK Donor Advised Fund, a community foundation, brokerage house or other sponsoring organization. Most DAFs require a minimum gift to open your fund, although additional contributions may be less.
  2. You name your loved ones as your successor to continue to recommend grants to charitable organizations, or you can name us as a beneficiary to receive all or part of your account after your lifetime.
  3. You may make contributions to your fund at any time. Your gifts are invested by the sponsoring organization, which provides a regular accounting to you.
  4. You qualify for a federal income tax charitable deduction for each gift to your donor advised fund.
  5. You make recommendations that various amounts be distributed to charitable organizations of your choice, such as UK. However by law, you cannot direct distributions.
Create a donor advised fund, choose charities to support, qualify for a tax deduction

Advantages
Donors enjoy a certain level of privacy, having the option to keep donations anonymous. These funds are flexible you can add to the fund at any time, and you don’t need to have a specific purpose for each gift. And again, the funds offer the simplicity of keeping a multitude of philanthropic activities organized in one stream of documentation and finances.

Donor Advised Funds

Additional Considerations

Where to find donor advised funds.
Begin with our UK Donor Advised Fund. We created this program as a service for our alumni and friends of UK. Next, your local community foundation and commercial brokerage houses have created donor advised funds.

Evaluate the donor advised fund carefully.
When you make a gift to a donor advised fund you irrevocably give away your money or property. Make sure the organization you select is one that supports your values.

Understand the fund’s policies and procedures.
Minimum contributions, as well as the amount and frequency of grant recommendations, all vary depending upon the donor advised fund.

Consider costs and investment results.
All donor advised funds charge administrative fees that can vary considerably. The UK Donor Advised Fund allows you to select your own trusted investment advisor, and all administrative fees received by UK support our charitable purposes.

Donor Advised Funds

Next Steps

Turn your DAF into a lasting legacy at UK by naming us as a full or partial beneficiary when you create the fund, or contact your fund administrator to complete a change form. For detailed information, please contact us.

Gift and Estate Planning
Phone: (859) 257-7886
Email: giftandestate@uky.edu
Sturgill Philanthropy Building
Lexington, KY 40506-0015

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Donor Advised Funds

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