With the Foundation Source DAF program, it is easy to help your client make a contribution of long-term appreciated securities, enabling them to deduct the full fair market value of the donated asset, avoid capital gains taxes, and use the full liquidated value for charitable giving.

There are two ways to support your clients as they contribute securities:

• Stocks & ETFs: provide instructions for your client to make a gift of stock or ETFs to their unique Charityvest receiving account.

• Mutual Funds: if your client's contribution contains mutual funds, it will need to be sent to the omnibus receiving account, and include relevant client information in the memo field.

Stocks & ETFs

To facilitate a contribution of stock on behalf of your existing DAF clients:

• Log in to your PCA admin account Dashboard.

• Click on your client's name to expand their profile.

• Click the Make a contribution button (only available once a client has accepted their invitation).

• Select the Donate ETFs, equities, or fixed income button.

• On the Contribute stocks and ETFs screen, retrieve your client’s unique account information.

• Share this information with your client or their financial advisor to equip them with the details needed for this contribution. Their brokerage will have a process in place to initiate a charitable gift of stock. Once the contribution is received by Charityvest's partner brokerage, it will automatically be liquidated and the proceeds will be posted to your client's balance.

Mutual Funds

To make a contribution of mutual funds on behalf of your existing giving program clients:

• Log in to your PCA admin account Dashboard.

• Click on your client's name to expand their profile.

• Click the Make a contribution button (only available once a client has accepted their invitation).

• Select the Donate mutual funds button.

• On the Contribute publicly-traded securities screen, retrieve the omnibus mutual fund receiving account information.

• Share this information with your client or their financial advisor to equip them with the details needed for this contribution. Their brokerage will have a process in place to initiate a charitable gift of mutual funds. Once the contribution is received by Charityvest's partner brokerage, it will automatically be liquidated and the proceeds will be posted to your client's balance.

Tax considerations

Upon a successful contribution of stock and/or mutual funds, your client will receive an estimate of the tax-deductible value of their stock and ETF donations at the time the gift is posted to their account.

For stocks and ETFs, Charityvest uses the IRS recommended method; the simple average price of the publicly-traded security on the day Charityvest receives it. Specifically, Charityvest takes the day's low price and the day's high price, and averages them.

Ultimately, it is your client's responsibility as the taxpayer to accurately represent and claim a tax deduction on their income taxes; all information provided by Charityvest is for convenience only. For more detail, you can direct your client to the appreciated asset tax matters section provided in the Charityvest public guide.

Your clients may wish for your assistance in contributing a variety of complex assets to their giving account through the Foundation Source DAF giving program, including:

• Private / Pre-IPO Stock

• LLC and Limited Partnership interests

• Private Equity, Hedge Fund, and Venture Capital Fund interests

• Real Estate

• Life Insurance

• Retirement assets

• Royalties

How it works

1. As early as practical, request an introduction. Request an introduction to Charitable Solutions via your client’s profile in your PCA admin account. Please fill in any available details regarding the possible donation.

2. Receive consultation on gift process, timing, and fees. Charitable Solutions will cover the process and potential transaction with you and your client, including a timeline and gift processing fees. There is no cost or obligation to receive this consultation.

3. Charitable Solutions receives and liquidates the donation, transferring proceeds to the client's account. Once the asset is sold, the proceeds will be posted to your client's giving account, net of processing fees, and will be available for granting. Charitable Solutions will provide gift acknowledgment to substantiate the donation for tax purposes.

Request to contribute complex assets on behalf of a client

If you are interested in facilitating a contribution of a complex asset on behalf of a client:

• Log in to your PCA admin account Dashboard.

• Click on your client's name to expand their profile.

• Click the Make a contribution button (only available once a client has accepted their invitation).

• Select the Donate privately held or complex assets button.

• On the Donate complex assets screen, review the step-by-step process overview. Click the Get started button. You can also click to view the 1-pager for more information about Charitable Solutions.

• Complete the form details to initiate an introduction to the Charitable Solutions team. You will need to provide the following information:

  • Description of asset.

  • Estimated fair market value of asset, if known.

  • Estimated liquidity timing, if known.

  • Additional information or questions.

• Based on your entry for Estimated fair market value of asset, Charityvest will automatically estimate the fee range in accordance with the Charitable Solutions fee structure.

• Click Message Charitable Solutions to submit. Charityvest will share your inquiry with the Charitable Solutions team along with a summary of responses to you and your client for reference.

• Charitable Solutions will follow up directly to help you get started.

Partner fees

Charitable Solutions assesses an industry-standard fee for service of 1-3% on complex asset donations, with a minimum fee of $10,000. There is no cost or obligation to receive the initial consultation.

Timing

We recommend that you complete the contribution request form for complex assets as early as possible, once you have determined that your client is reasonably likely to initiate this contribution.

Your client can , though as a trusted stakeholder, they may wish for your your assistance in contributing cash via wire transfer to their giving account through the Foundation Source DAF giving program.

To facilitate a fee-free wire transfer contribution on behalf of your existing DAF giving program clients:

• Log in to your PCA admin account Dashboard.

• Click on your client's name to expand their profile.

• Click the Make a contribution button (only available once a client has accepted their invitation).

• Select the Make a wire transfer button.

• Retrieve the required omnibus bank account information.

Your client can , though as a trusted stakeholder, they may wish for your assistance in moving some or all of their existing donor-advised fund assets to their account within the Foundation Source DAF giving program.

To facilitate a DAF transfer on behalf of your existing DAF giving program clients:

• Log in to your PCA admin account Dashboard.

• Click on your client's name to expand their profile.

• Click the Make a contribution button (only available once a client has accepted their invitation).

• Select the Transfer a donor-advised fund button.

• Follow the on-screen instructions to retrieve the information needed for your client to complete their DAF transfer.

Tax considerations

DAF transfers are not new charitable contributions, and are therefore not considered tax-deductible. When Charityvest posts your client's DAF transfer, it will be automatically marked as not tax-deductible and it will not appear on their year-end tax statement.

While not often advantageous from a tax perspective, your client may use distributions from their individual retirement account (IRA) to contribute to their donor-advised fund account.

To do so, you would need to assist your client in:

• Taking a distribution from their IRA.

• Including the distribution as part of their annual income for tax purposes.

• Making a wire transfer or other form of .

Qualified charitable distributions (QCDs)

If your client is at the age where they must take the required minimum distribution (RMD) each year, they may wish to contribute some or all of this RMD for charitable purposes to optimize their tax benefit and philanthropic impact. This is possible for clients via qualified charitable distributions (QCDs).

IRS prohibits DAFs from receiving QCDs. However, Charityvest can receive QCDs into a specialized fund type called a single identified organization fund (SIO), which makes distributions only to a single eligible charitable organization.

To set up an SIO to receive a QCD, Charityvest currently leverages its Community Fund infrastructure. Learn more about client Community Funds .

QCDs must be issued in the name of the charity (in this case, ).

For additional information including payment address and/or bank transfer information, please contact support@charityvest.org, and for assistance in completing the QCD on behalf of your client.

Once your client has accepted their invitation to the Foundation Source DAF program, the next step is to invite them to add to their account balance with a contribution.

There are several accepted DAF contribution methods.

As a PCA, you can assist your client to complete the following types of contribution:

• Stock and/or mutual funds

• DAF transfers

• Wire transfers

• Complex assets

Clients can also make the following contributions independently:

• Bank account

• Debit / credit cards

• Cryptocurrency

• DAF transfers

• Wire transfers

• Checks

• Complex assets

• Company matches

Timing expectations

Once your client has completed a contribution, depending on the modality, you should see it appear in your client's account balance within 1-2 business days from when it has been received.

Once a client contribution is successful, cash must be cleared into Charityvest's partner financial institution before it can be sent to charity or invested. As a general rule, you should expect your client's contributed amount to be fully available within 3 business days of the successful transaction being posted to their account.