Donor Advised Fund

A Buffalo Fine Arts Academy Donor-Advised Fund may be an attractive alternative to a private foundation or a donor-advised fund at a financial institution. A fund is established with a contribution of at least $100,000, and you advise the Gallery on charitable gifts out of the fund. The Gallery handles everything else: investment management, accounting, and administration. Those who make substantial gifts to charities, including the Gallery, will find the Donor-Advised Fund to be especially convenient.

Advantages

• Superb investment management. Invest alongside an endowment that has outperformed ninety-three percent of peer group endowments over the last five years.
• No set timetable. Gifts from your fund can be immediate or deferred.
• No required annual minimum gifts. Private foundations require a minimum.
• If you chose, your children or other family members can step into your role as advisor on charitable gifts, which can instill philanthropic values and carry on your philanthropy.
• Give to multiple charities without writing checks.
• The Gallery provides all record keeping, administration, and tax reporting.
• A Donor-Advised Fund is considered a public charity in determining your income tax deduction.
• No set-up, legal, administrative, investment, or accounting costs.
• Low advisor fees. Commercial donor-advised funds charge as much as 2.5% per year. A fund at the Gallery is charged only for investment management at the same low rate as the endowment.
• Flexibility. You can contribute cash, marketable securities, closely held stock, stock options, retirement-plan funds, and other mutually agreeable assets. You can make additional contributions at any times, either during your lifetime, or through your estate.