How do I set up a donor-advised fund for my client?

Your client should complete and sign the Community Foundation’s Donor-Advised Fund Agreement. If your client plans to contribute at least $100,000 to the fund within one year of opening, you can manage the fund’s investments on your investment platform in a financial advisor managed account. (Note: If your client’s fund will be less than $100,000, you can help them select the best option from the Community Foundation’s passively managed investment pools, and they can list you as an authorized party to access the fund if they choose.)

For financial advisor managed accounts, your client should list you as the fund’s investment manager in the Fund Agreement. Once we receive the Fund Agreement, someone from the Community Foundation will call your team to set up the custodial account for the fund’s investments. Since the Community Foundation owns the assets, you will not need to request additional signatures from your client beyond the Fund Agreement.

What we need from you:

• Your firm’s forms to set up a custodial account
  The Community Foundation will work with you to complete the forms and sign as the owner of the gifted assets, so you can set up the account on your investment platform.

What we will provide to set up the investment account:

• The Community Foundation’s authorized signers’ information
• The Community Foundation’s tax ID