Looking for a way to maximize your charitable impact? A Foundation Source Donor-Advised Fund (DAF)1 delivers a seamless experience that empowers strategic, intentional giving.
Donor-advised funds are tax-deductible financial accounts for giving sponsored by a 501(c)(3) public charity.2 Donors may receive immediate tax advantages on charitable funds contributed to these accounts. They make purposeful, tax-smart giving simple.
Why Choose a DAF?
DAFs are quickly be coming one of the fastest-growing charitable vehicles. Over 25% of all charitable dollars now flow through DAFs each year. Given their advantages, it’s no surprise.
A donor-advised fund makes it easy to:
- Set aside charitable dollars when it’s most tax-advantaged, even if you don’t yet know what charities to support
- Give appreciated assets (to mitigate capital gains tax) once, and then distribute cash proceeds to any charity
- Put all your giving “in one place,” on one tax receipt
- Invest and grow charitable funds tax-free while they are in the account
Our modern platform also simplifies everyday tasks, like sending grants to your favorite charities.
Why Has Foundation Source Added a DAF Capability?
Our goal is to deliver the most comprehensive and flexible philanthropic toolkit to make it easier to deploy charitable capital and drive impact. Donor-advised funds are the next evolution on this journey.
Foundation Source has Partnered with Charityvest to Offer a Modern, Tech-Forward Giving Experience.
Charityvest is a leading donor-advised fund sponsoring organization2 serving individual donors, wealth advisors, and workplaces. In 2024, Foundation Source acquired Vennfi, the technology company powering Charityvest, to partner closely in the delivery of DAF solutions for our clients.
What Makes Foundation Source’s DAF Offering1 Unique?
- Frictionless experience. An intuitive interface, automated transactions, availability of all 1.4 million charities, and next-day electronic grant delivery make giving an enjoyable process.
- Innovative capabilities. Charity gift cards, collaborative giving tools, and impact investing capabilities allow for intention, creativity, and fun.
- Add a financial advisor. Seamlessly partner with a philanthropic or financial advisor for them to administrate the DAF. A financial advisor may also set the investment strategies.
Standard Investment Options
| Asset class | Standard Portfolio | Filtered Portfolio |
| US Equities | VTI | USXF |
| Developed Market Equities | VEA | DMXF |
| Emerging Market Equities | VWO | EMXF |
| US Fixed Income | BND | EUSB |
| International Fixed Income | BNDX | BGRN |
| Cash Alternative | VUSB | VUSB |
Preset and Custom Allocations: Select from preset Charityvest, Inc. portfolio allocations or, for advanced donors, enjoy the ability to customize allocations.
Interested in Custom Investments?
Invite an advisor to manage the DAF investments for greater flexibility.
Assets are Custodied at Charityvest’s3 Tech-First Brokerage Partner, Alpaca Securities.
This enable s automatic rebalancing and grant processing with the DAFs — unlocking an easy giving experience.
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|
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Account Minimum |
$0 |
|
Minimum Grant |
$15 |
|
Starting Administration Fee |
0.60% |
|
Minimum Administration Fee |
$100 per year |
|
Investment Fund – level Fees |
0.05% to 0.11% |
Key Capabilities
- Community Funds
- Recurring Grants
- Giving Goals
- Charity Gift Cards
- Workplace Giving / Matching
- Impact Investing
- Complex Asset Donations
- Philanthropic Advisory
- International Grantmaking
GET STARTED WITH THESE SIMPLE STEPS:
1. Indicate your interest. Contact a Foundation Source representative to tell them you’d like to set up a Foundation Source DAF account.1 They can discuss the best option for setup that aligns with your overall giving strategy.
2. Sign up online. A Foundation Source representative will provide a sign-up link with simple, web-based instructions to establish and activate your DAF at Foundation Source.1
3. Make a contribution to your donor-advised fund, directly within the Foundation Source platform or with help from your Foundation Source representative or financial advisor. Once funded, you can invest your balance, grant to charities, and more.
1. The Foundation Source DAF Pro gram is sponsored and administered by Charityvest, Inc. and contributions within are irrevocable contributions to Charityvest, Inc., a 501(c)(3) public charity.
2. A donor-advised fund is a separately identified account that is maintained and operated by a section 501(c)(3) organization, and is not a registered investment company.
3. Charityvest, Inc. is a charitable organization described in Section 501(c)(3) of the Internal Revenue Code of 1986 (the “Co de”) and further qualifies as a public charity under Section 509(a)(1), 170(b)(1)(A), and 4966(d)(1) of the Code.
The information provided in this document is for general information purposes only, and does not constitute legal, tax or investment advice.
