View
219
Download
0
Category
Tags:
Preview:
Citation preview
Getting StartedTo create a UCLA DAF you simply transfer cash or otherappropriate assets to UCLA, name your fund, and, if youwish, select family or friends who will serve with you as anadvisor to the fund.
Donor contributes to UCLA Foundation, establishing the Donor Advised Fund
Donor receives tax deduction
Donor "advises" DAF to make gifts to UCLA and other charities
Distribution
Donor AdviceDonor sends request for
distribution to a charity(ies)
Approval and DistributionOnce approved, Kaspick &
Co. prepares and mailsdistribution check(s)
Staff ReviewRequest is reviewed to
ensure requestedcharity(ies) is/are eligible to
receive DAF funds
UCLA DAF Policy Requirements• Minimum to open new account: $250,000• Minimum balance to be maintained: $50,000• Minimum total annual distributions: 5% of DAF market
value• Minimum of total annual distributions to UCLA: 50%• Minimum amount per distribution: $1,000• Frequency of distributions: Quarterly• DAF usually ends upon: Donor’s death or a balance of less
than $50,000, although DAF may be allowed to continue after donor’s death
Recommended