By the numbers
What % of IAS clients currently have a DAF? (Closest without going over)
8%
T/F
DAFs make it easy to involve kids/ grandkids in philanthropic giving?
True
What tool can you use to see how someone's giving power is increased through the use of a DAF?
The Giving Power Tool
Located within the TIAA Charitable Website/ KE
What types of assets can a DAF accept?
Cash, securities, C & S corp stock, patent royalties, life insurance, real estate, collectibles and art, grants from another DAF
When was TIAA Charitable established?
2015
What % of our clients are charitable? (Closest without going over)
93%
Clients can take a tax deduction for their gifts to a DAF in the year contributed, regardless of the year the funds are distributed to charity.
True
What type of tax implication may occur from a DAF to DAF transfer?
none.
How does a DAF help donors simplify record keeping?
1 annual statement that lists all contributions received throughout the year as well as all information regarding grants that were sent out.
Who do you contact for support and resources?
Ben and Elliot- Fundraising and distribution ?s
Hannah, Emily, Natalie for Operational questions
What % of IAS clients would willing to discuss giving with their advisor? (closest without going over)
56%
T/F
Gifts to DAFs are irrevocable.
True
At this point, the Donor has given their money to a charity.
What % deduction can a client take after gifting securities to a DAF?
30% of AGI
What is the initial account minimum?
For clients? For employees?
Clients= $5,000
Employees= $1,000
Complete Talent Center Training
How many investment options are available in our DAF?
19
5 Broad
5 Social
9 Flex (combo)
T/F
Similar to private foundations, DAFs have a initial setup fee.
False
What % of AGI can a client deduct on cash gifts?
60%
What is the minimum grant recommendation amount?
$50
What system would you use to open a DAF account for a client?
Donor First?
$77MM
T/F
Donors can title their DAF with us by any name?
True
How long can a client carry over tax deductions after making a substantial gift?
5 years
What is the term for utilizing this strategy?
When must a donor begin making grants to a charity?
Never
T/F
Private foundations must make grants annually
Well Funded
3-10 From retirement
Highly appreciated stock
Currently gives to charity
Could benefit from a deduction