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 Donor Advised Fund
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Home > INFORMATION FOR DONORS > Donor Advised Fund

Donor Advised Fund
 

The Arkansas State University Foundation Donor Advised Fund (ASUDAF) is designed to simplify charitable giving for alumni and friends, who wish to support multiple charities.  Through the ASUDAF, the Foundation receives, manages, invests, and distributes gifts to benefit Arkansas State University as well as other not for profit organizations.  This program assists Donors in achieving their philanthropic goals in a flexible and cost efficient manner.

Benefits

  • An immediate tax deduction upon your contribution to the fund
  • One gift that may be distributed to several different charitable organizations
  • Though your gift is immediately tax-deductible, decisions regarding charities you wish to support can be made over time
  • A recognized organization with a professional staff committed to providing quality customer service on an individual basis
  • Professional management of investments
  • Timely reporting of your gifts and other activity on your fund

How A Donor Advised Fund works

  • An irrevocable gift of cash, securities or other tangible property is made to the ASU Foundation for the Donor Advised Fund.  A portion of the gift should be designated for support of one or all of the ASU campuses. Donors should consult with their tax advisor to determine what kind of gift works best for them.
  • A Donor Advised Fund Agreement is executed by the donor and the Foundation when the initial contribution is made. There is no prescribed minimum contribution required to establish  an ASUDAF  However, the gift should be large enough to create regular distributions to Arkansas State University as well as other organizations the donor wishes to support
  • After the initial gift, additional contributions may be made at any time.  From these funds, the donor may recommend grants to various ASU programs or the charities of their choice.  These distributions will be made by the Foundation each quarter.
  • Donors may make recommendations for distributions from their fund and/or appoint others (spouse or children) to suggest distributions from their fund.
  • An endowment may be established with a gift of $10,000 or more to provide a perpetual stream of funds for support of Arkansas State University and other organizations you designate.

It only takes a few minutes to open an ASU Donor Advised Fund.  Call us at 870-972-3362 or use our toll-free number at 866-972-3362 with any questions.  You may fill out the  Donor Advised Fund Application Form by clicking here. Print out and mail us your form along with your initial contribution.  It’s that easy. 

As you complete you application, please remember to:

  • Name your fund
  • Tell us who will be the Advisor for your fund (Advisors must be at least 21 years of age) 
  • Let us know you wish for your fund to be an endowment or should be held for distribution to charitable organizations of your choice.

We would be pleased to assist you with this service.  Call anytime!