A strategic approach to your philanthropy
When creating your charitable giving plan, a donor-advised fund (DAF) is a compelling option to consider. A DAF is a charitable giving vehicle that is easy to establish, simple to use, cost-effective, and tax-efficient.
DAFs offer several advantages, from unique tax benefits to increased flexibility and strategic opportunities for your philanthropy. When you set up a DAF with J.P. Morgan Private Bank, you decide where to donate, while we take care of the rest. You can:
- Create a lasting philanthropic legacy
- Receive immediate tax deductions for contributions to your DAF
- Eliminate capital gains tax on long-term appreciated asset contributions
- Invest donated assets for potential tax-free growth
Seamless account opening
Our team can quickly set up your DAF account at little to no cost, and with a minimum initial contribution of $10,000.
Donate over time
With a DAF, you can contribute without having to decide immediately where that donation will go. This allows an income tax deduction right away, while letting you give when you’re ready.
Diversify a concentrated portfolio
Our team can help you contribute appreciated, publicly traded stock to a DAF to reduce your concentrated position and put the proceeds towards charity.
Illiquid and complex assets
Unlock all assets on your balance sheet for philanthropic impact. In addition to cash and publicly-traded securities, you can also consider donating non-marketable assets (e.g., privately held stock or hedge fund interests).
Ready to invest in services? Find the right strategy with J.P. Morgan Advisor today.
These can vary widely, with some organizations offering few, and others providing a broad array.
Not all DAFs will accept the assets that a donor might seek to give, such as appreciated stock or real estate.
Gain an understanding of how charities are determined to be qualified by the sponsoring organization and how easily another charity may be added. Possible recipients, and the process for adding charities, can vary among DAFs.
If you want to give to an international charity, there are additional due diligence, tax, and reporting implications for the DAF sponsoring organization.
J.P. Morgan’s Charitable Giving Fund is a donor-advised fund program administered by National Philanthropic Trust, a public charity and the largest independent sponsoring organization of donor-advised funds.
Impact at a Glance (2023)
- Supported over 15,000 individual charities
- Donated to charities in 25 countries
- 25%+ increase in year-over-year grant value
Source: Information for the J.P. Morgan Charitable Giving Fund as of December 31, 2023. National Philanthropic Trust
Private foundations and donor-advised funds
Our advisors can help you determine whether a DAF can complement your foundation as part of your giving strategy. A DAF allows your private foundation to donate to nonprofits whose work falls outside of the foundation’s mission statement, donate to non-U.S. charities and more. If you’re seeking to simplify your giving strategy, J.P. Morgan can help you transition your private foundation to a donor-advised fund account. You and your family will retain the ability to be advisors through a simple process.
Defining and Sharing Your Philanthropic Legacy
Join Kate McAdams, Senior Philanthropy Advisor of The Philanthropy Centre, J.P. Morgan Private Bank, and Jenna Mulhall-Brereton, Chief Philanthropy Officer, National Philanthropic Trust, as they explore how to articulate and share your philanthropic mission and values in this part of our Guide to Giving series.
Key topics include:
- Narrowing your focus through a mission statement
- Involving the next generation and loved ones in your philanthropic journey
- Documenting your philanthropic intent for future impact
Identifying and Evaluating Effective Nonprofits
Join Jamie Hackleman, U.S. Team Lead of The Philanthropy Centre, J.P. Morgan Private Bank, and Michael Thatcher, President and CEO, Charity Navigator, as they delve into the intricacies of effective charitable giving in this part of our Guide to Giving series.
Key topics include:
- Finding your philanthropic focus
- Narrowing down the vast array of charities
- Leveraging tools to assess nonprofits
- Staying connected to the organizations you support
We’re committed to offering our clients a flexible donor-advised fund solution which allows them to implement impactful giving strategies.
