A Donor Advised Fund at UCP Provides Nonprofit Benefits Without the Burdens
A Donor-Advised Fund (DAF) is a charitable fund where donations come from the DAF Advisor (family or business) to the fund under UCP’s supervision. As an alternative to a private family foundation, a DAF allows you to create a charitable legacy now and for generations to come.
As described by the IRS on their website:
"Generally, a donor advised fund is a separately identified fund or account that is maintained and operated by a section 501(c)(3) organization, which is called a sponsoring organization. Each account is composed of contributions made by individual donors. Once the donor makes the contribution, the organization has legal control over it. However, the donor, or the donor's representative, retains advisory privileges with respect to the distribution of funds and the investment of assets in the account."
The donor establishes a fund at UCP with the name of their choosing (e.g., The John and Jane Smith Family Foundation). The DAF Advisor (and/or friends, family members, etc.) can make tax-deductible donations to UCP for the DAF. The DAF Advisor can ask UCP to make disbursements from the DAF to other existing charities (and/or for scholarship programs) that UCP approves.
Beginning a donor-advised fund at UCP allows you to focus easily on fulfilling your philanthropic goals and deciding which nonprofit organizations you want to support, without having to endure the administrative and financial burdens of establishing a Private Foundation. Under UCP approval and supervision, you may also use your donor-advised fund to establish a scholarship program.
UCP gives you the advantage of building a legacy of philanthropy that's shared by you and your family, that can even be passed on to your heirs for generations to come. It takes just a few minutes to recommend grants to charities from your fund, and you can determine how you would like to be recognized -- including the option to remain anonymous.
A donor-advised fund at UCP is easy to set up, administratively simple, and provides you with ongoing tax benefits. Donors can receive immediate tax benefits, and avoid time-consuming and costly paperwork involved in setting up a private foundation. UCP enables you and your family to achieve flexibility in your charitable giving.
Easy to Set Up
With an irrevocable contribution to UCP, you can establish a donor-advised fund in minutes. UCP will work closely with you in transferring the assets into your fund.
UCP provides you with online access to help you manage your account, recommend grants and more. With just a few clicks, you can make grant recommendations to charities from your donor-advised fund.
Establishing a donor-advised fund at UCP allows donors to receive immediate and maximum tax benefits, while enduring none of the administrative and financial burdens of forming a private foundation. UCP takes care of all the federal and state reporting required.
Beginning a donor-advised fund at UCP allows you to focus on fulfilling your philanthropic goals and deciding which nonprofit organizations you want to support. You decide which grants to recommend, and it takes just a few minutes! You can also determine how you would like to be recognized for each grant you recommend -- including the option to remain anonymous.
Build a Legacy
A donor-advised fund at UCP allows you to build a legacy of philanthropy. Responsibility for the fund can be shared by your family and passed on to your heirs. If you would like more information about Donor Advised Funds, please visit the IRS website.
Complete the application below and send to us to begin your donor-advised fund at UCP today!