ABOUT DAFS
The max amount of advisors permitted for any fund established at EBCF.
What is three advisors.
Upon the submission of Investment Pool Change Form how long until the switch investments is complete?
What is four to six weeks.
Cannot be directed to an individual or a student.
What is a grant from a donor advised fund.
An automatic tax receipt issued via email is part of what type of transaction?
What is a credit card donation.
Three places where you can find the new intake form
What is pinned to the #newfund slack channel, in the SPA quick links section of the DSAS SP page and on the EBCF webpage.
The minimum contribution to establish a donor-advised fund at EBCF.
What is $10,000.
Available on the EBCF website, within the Donor Central portal on the Resources page and on the DSAS SharePoint homepage in the "SPA Quick Links" section.
What is gift delivery instructions.
EBCF relies on Section 4 of IRS Notice 2017-73 to define what?
What is using DAF's to pay for personal pledges.
How long after the receipt of the gift is an acknowledgement letter(s) or tax receipt(s) issued?
What is three weeks.
Processing timeline for a grant recommendation to be approved.
What is grant recommendations received by 10:00 am on Wednesday will be processed and mailed on the Friday of the following week.
The maximum amount of successor advisors added to a fund for long-term advising needs.
What is two successor advisors.
The length of time required for a fund to be classified as "Inactive"?
What is two consecutive calendar years.
Grants of this amount or more will be paid via ACH only.
What is 200K or more.
A copy of a gift receipts can be found here
What is the profile folder in FIMS.
Name the quarter in which EBCF aims to inform endowment fund advisors of their available to spend balance.
What is the first quarter.
Name the six pools the fund advisor can choose to invest in once a fund is opened with EBCF
What is ESG cash pool, short-term pool, intermediate-term, long-term diversified, long-term ESG, and opportunity pool.
Name the first three steps of the fund closing process.
What is educate fund advisor on fund closure process, provide attestation language, submit closing fund request via ASANA.
Provide only incidental benefits and are 100% tax-deductible as stated by the charity.
What is qualified membership that can be paid through a DAF.
The person responsible for creating all gift receipts and the gift report circulated to DEV, DSAS and CIP staff?
Who is Jida.
Name the preferred mode of communications for GM and Finance.
What is finance@eastbaycg.org and grantsmanagement@eastbaycf.org.
Fees assessed on a donor-advised fund at EBCF cover what?
What is grantmaking, recordkeeping, annual audits, tax filing, quarterly statements, insurance, and other operating expenses.
Directions for how to run reports on DC can be found on which page of the DC User Guide?
What is page 4.
Equivalency determination and expenditure responsibility are part of EBCF's process to do what?
What is use a DAF to make grants to international charities.
True or False: You can always roll over a qualified charitable distribution (QCD) from an Individual Retirement Account (IRA) to a Donor Advised Fund (DAF)
What is False.
A fund assigned to DSAS means what?
What is the fund is inactive.