Donor Advised Funds and NPOs: Supporting Organizations, Recognizing and Recording Contributions

A live 110-minute CPE webinar with interactive Q&A


Wednesday, October 2, 2019 (in 10 days)

1:00pm-2:50pm EDT, 10:00am-11:50am PDT

or call 1-800-926-7926

This webinar will guide advisers to nonprofit organizations on interacting with donor-advised funds (DAFs). The panel will discuss the types of sponsoring organizations, how donations are reported and solicited, pledges from DAFs, and the downsides of these funds so that practitioners and advisers can assist nonprofits in maximizing the benefits of these charitable instruments.

Description

The growth of DAFs and contributions to these funds has been remarkable. The estimated value of assets held in these accounts was $85 billion at the end of 2016. Use of DAFs is so compelling that sponsoring organizations have been established to facilitate acceptance of contributions from these funds. Fidelity Charitable is the largest DAF in the U.S, with over $5.2 billion in donations in 2018.

These vehicles, popular among taxpayers, provide a simple way to control charitable deductions. DAFs can accept cash and non-cash contributions, allow taxpayers the flexibility to contribute and take substantial tax-deductions when needed while deferring the actual distribution of funds to the charity over many years. This delay of the funded contribution sometimes leads to accusations of hoarding.

Questions surround best practices for soliciting funds using DAFs. Establishing a 509(a)(3) supporting organization can relieve the nonprofit from the burden of fundraising. At the same time, they can become a burden if not governed properly, and for small NPOs, may not be a viable alternative.

Understanding DAFs is crucial for practitioners and advisers of nonprofit organizations. Listen as our experts discuss establishing a DAF, proper reporting of DAF receipts, types of sponsoring organizations, and the burdens of DAFs.

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Outline

  1. What is a DAF
  2. Types of sponsoring organizations
  3. Reporting donations from DAFs
  4. Soliciting donations
  5. Pledges
  6. Downsides

Benefits

The panel will review these and other high priority issues:

  • What is a DAF?
  • How should a nonprofit organization report DAF receipts?
  • What are the types of sponsoring organizations and considerations of each?
  • What are the downsides of establishing a DAF?

Faculty

Levine, Martin
Martin (Marty) Levine

Principal
Levine Partners Consulting

Mr. Levine, prior to forming Levine Partners, served as the CEO of JCC Chicago creating a purpose driven organization,...  |  Read More

Tarlson, Nick
Nick G. Tarlson, CPA

Founder
Tarlson & Associates

Mr. Tarlson is the founder of Tarlson & Associates. He served in the regulated industries consulting division of...  |  Read More

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