Start a DAF Fund Form - Amarillo Area Foundation

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Donor Advised Fund Form

I. Fund Advisor(s):

All current and successor Advisors have the ability to recommend distributions unless otherwise stated. Only one generation of successor Advisors may be designated by the founding Advisor.

Name *

Home Address *

Home Phone *

Cell Phone *

Email *

Business Name

Business Address

Business Phone

Business Email

Website

Founding Donor? *

Yes No

Preferred Contact: *

Home Business

Please indicate to which address you would like quarterly fund statements to be sent: *

Home Business

Will there be an OPTIONAL Alternate Advisor Contact Information? *

Yes No

II. Name of your fund

Name of your fund

III. Distribution and Community Acknowledgement:

Distributions made from a fund to a charity are accompanied by a letter which includes the fund name unless anonymity is requested.

You will have the opportunity to specify your preferences for recognition each time you recommend a distribution. For the default settings:

Do you want the name of your fund included in the letter?

Yes No

May we list your fund’s name in AAF publications? *

Yes No

The organizations you support may wish to send a thank you letter and other information. Please select your preferences for this correspondence: *

Please forward all mail from organizations

Please forward thank you letters only

Please do not forward any correspondence from grantee organizations

IV. Distributions

Please check all that apply: *

I would like to periodically receive information about community issues/concerns

I will contact you if I need services or information.

Please periodically provide me with grantmaking suggestions in my area of interest.

Contact me only when you have any questions about my suggestions.

V. Succession Plan

At the death, incapacity or resignation of the Donor or Fund Advisor (choose Yes for only one):

I would like my successor named below to become the Fund Advisor.

Yes No

I would like to convert or transfer the balance of the fund to a field of interest fund of AAF, with the annual distribution to be made, at the discretion of the AAF Board, to the following field of interest:

Yes No

I would like to convert or transfer the balance of the fund to an unrestricted fund at AAF, to be used at the discretion of the AAF Board.

Yes No

I would like to convert or transfer the balance of the fund to The Panhandle Gives endowed fund at AAF, to be used to benefit nonprofits across the Texas Panhandle.

Yes No

I would like to convert or transfer the balance of the fund to a designated fund of AAF, with the annual payout to be made to the following charity(s):

Yes No

VI. Your Estate Plans

If your estate plans include a gift to your fund at AAF, or you are interested in exploring this option, please contact Trent Hill at 806-376-4521 or trent@aaf-hf.org, or go to www.aaflegacy.org. This information will help with the development of the succession plan for your fund. You may check more than one box:

Estate Plan Options

I do not plan to add additional assets to my fund through my estate.

I would like to talk to AAF staff about planning a gift from my estate to my fund.

I am interested in making a contribution to my fund through my estate.

I am interested in naming my fund as a beneficiary for my retirement assets, insurance policy, and/or CRT.

VII. Gifting to Your Fund

On what date do you plan to make the initial gift to establish your fund?

Initial Gift Date

What will be the estimated amount of your initial gift? *

Indicate the type of gift you plan to contribute:

Cash

Now Future

Publicly-traded securities

Now Future

Private equity/venture/hedge fund investments

Now Future

Privately-held/restricted securities

Now Future

Real estate

Now Future

Personal property (e.g. artwork; jewelry)

Now Future

Cryptocurrency

Now Future

Type of Cryptocurrency:

Retirement assets

Now Future

Charitable assets (e.g. donor-advised fund; private foundation)

Now Future

Royalties and distribution rights

Now Future

Insurance

Now Future

Business interest (Incorporated partnerships and interest in LLCs)

Now Future

Charitable remainder trust

Now Future

Charitable lead trust

Now Future

Other

Now Future

Please specify:

Please contact Trent Hill or Amy Lovell with any questions at 806-376-4521.
After establishing your fund, you can make additional gifts at any time.

VIII. Expendable or Endowed Fund

Endowments are permanent funds established to carry out the donor’s philanthropic intentions in perpetuity. In essence, endowments are gifts that keep growing and giving. Assets are invested for growth, and the amount available for grants each year is based on a “spending rule” that currently distributes a maximum of 4.50% of the average market value of the fund over the preceding 13 quarters. (Note: this percentage rate can vary based on the economic growth forecast and is reviewed annually by the Investment Committee of AAF.)

Expendable funds permit distributions in any amount at any time.

Type of Fund

My fund is an endowment. It will make distributions to nonprofits in perpetuity.

My fund is expendable. It will make distributions until fund assets are exhausted, at which time the fund will terminate.

* My fund is expendable during the lifetime(s) of the original donor(s). I/we wish the fund to become an endowment upon the death of the last original donor.

* Please note, this option is currently available to funds with assets greater than or equal to $25,000. If upon the death of the last original donor the balance in the fund does not meet this required threshold for endowment, the fund shall remain an expendable fund.

The information on this form will be used to start the fund agreement between the submitter and AAF. Both parties will have the opportunity to clarify and change the above information upon mutual agreement. The fund will not be executed until both parties have signed an agreement and the fund has been funded. An AAF staff member will contact you soon. AAF will not share this information with any other party. Please see our privacy policy below.

https://www.amarilloareafoundation.org/privacy-security-policy/ *

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