NWM DAF Setup Steps

Establishing your Donor-Advised Fund

Setting up and managing a new donor-advised fund (DAF) through the Renaissance Charitable Foundation (RCF) is quick and easy. Follow the steps below to get started.

Paperwork

Prepare and provide the following paperwork to RCF for review and signature via email to [email protected]. If you have questions regarding these steps, the NWM Client Services team can be contacted via phone at (855) 630-3439.

  1. Provide your client with the NWM program circular and enter the DAF application online at https://northwesternmutual.donorfirstx.com.
    1. You may also submit a paper DAF application.
  2. Investment Policy Statement to be signed by the advisor of record and returned to Ren
  3. Completed DAF application (unless entered online) and any additional Pershing paperwork requiring RCF signature to establish the investment account and add RCF as a recipient for data feeds and electronic statements
    1. This generally includes an application for non-profits/entities along with supplemental forms as determined by Pershing.
    2. Please note – this paperwork should be completed prior to providing it to RCF for signature.
    3. See Instructions for Opening an Investment Account for additional instructions.
  4.  Advisor firm’s Advisory Agreement for RCF review and signature

 

Next Steps

  1. The Advisor works with their client to fund the newly created investment account. When the investment account has been funded, the Advisor must send confirmation of funding to [email protected]. This can be a screenshot of the transaction in the receiving RCF DAF investment account but must include the account number and contribution details.
  2. The Advisor must also ensure that the Pershing investment account is added to the data fee for RCF through Pershing, prefix TU5.
  3. Ren credits the contribution to the account and moves the account into a grant-ready status. Log-in credentials are e-mailed to the donor(s) when the account is established. The DAF account can be accessed at https://northwesternmutual.donorfirstx.com.

 

Instructions for navigating the platform can be found here. The process is complete!

 

Important Notes

  1.  RCF is the owner of the investment account and should sign all investment account paperwork as the account owner. Information within the application regarding the account owner should reference RCF, not the donor(s).
  2.  The Advisor may need to be licensed in the state of Indiana to open the new account. Check with your firm’s compliance department for their requirements.
  3. Click here for frequently asked questions of RCF DAFs.


Note: Investment paperwork may be sent to officers for e-signature:

Contact number listed for text confirmation of e-signature requests only.

Gregory W. Baker – [email protected] | 317-501-3133

Alyssa J. Rysdyk – [email protected] | 616-828-3377

If you have any questions regarding your fund establishment or there are special steps required for your donated assets, contact us at [email protected] and we will guide you through the process.