How to Complete Your Gift If you determine that a donor advised fund is the best way for your family to support Eastern Michigan University and other charities you love while meeting your financial goals, here are some things to consider and steps to take. 1. Evaluate the charitable organization carefully. When you make a gift to a donor advised fund, your gift is irrevocable. Make sure the donor advised fund you select is one that supports your values. 2. Understand the fund's policies and procedures. Minimum contributions, as well as the amount and frequency of grant recommendations, all vary depending on the sponsoring organization. 3. Consider costs and investment. All donor advised funds charge administrative fees that can vary considerably. In addition, investment performance will vary from one donor advised fund to the next, affecting the amount that will actually be distributable to charitable organizations. Your Next Step We invite your questions about using donor advised funds to support Eastern Michigan University. Just contact Susan Rink at 734-481-2310 or 888-221-2249 or susan.rink@emich.edu. Copyright © The Stelter Company, All rights reserved. The information on this website is not intended as legal or tax advice. For legal or tax advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes apply to federal taxes only. State income/estate taxes or state law may impact your results. |
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