For Donors

Yes. It is common practice for a donor, when establishing a DAF, to name his or her heirs as successor grant advisors. As an alternative, the donor may set-up successor charities to receive grants after the donor’s passing.

Depending on the complexity of the gifted assets, most DAFs are established in a matter of a few days.

No. Ren only charges industry-low DAF administrative fees.

DAFs offer a variety of benefits, but the most frequent reasons for donating to a DAF include the opportunity to make both an immediate and long-term impact for a cause or charity the donor believes in, to maintain some influence over how funds are granted to charities, to pass on a legacy of giving, and to reduce the impact of capital gains and other taxes.

Yes. Although the donor no longer owns the assets contributed to the DAF and the sponsoring charity has final say on the funds’ distribution, the donor can make recommendations about which charities receive grants from the DAF. This power remains with the investor for life and can be passed on to future generations.

Yes. In fact, donating assets is often the most effective way to give because, by allowing a nonprofit to dispose of assets, the donor avoids capital gains taxes, which means the value of the gift can be higher and the cost of giving will be lower. Special planning is required, so make sure you consult with tax and legal professionals.

Yes. You will receive online credentials to view information about your donor-advised fund account, make grant recommendations, and access account statements. It is important to note that valuations of crypto investments are performed daily (standard business days).

No. Ren handles distributions to charities from the DAF, with input from the donor if the donor wishes. Grants from the fund can be made to nonprofits as frequently or infrequently as seems appropriate.

Ren handles the administrative aspects of the DAF, including preparing for tax reporting, and Ren will issue gift receipt letters for every contribution the donor makes to the DAF.