Open a Donor-Advised Fund
How It Works
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How It Works


"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little."

– Franklin D. Roosevelt


Giving through the Harris Charitable Fund Program, allows you to establish a donor-advised fund which is a flexible and efficient way to benefit charitable organizations important to you.

Although the grant distributions may be spread out over a number of years, when you create a donor-advised fund, you may receive a current charitable income tax deduction in the year the gift is made (subject to certain limitations). As the term "donor-advised" suggests, you may recommend which charities and organizations should benefit from your donor-advised fund and how your donor-advised fund assets should be invested — the final decision as to distributions and investments resides with the Board of Trustees of the Harris Charitable Fund Program's administrator and sponsor, NPT, an independent public charity.

How it Works

Step 1: Read our Program Guidelines to become familiar with all aspects of the Harris Charitable Fund Program.

Step 2: Open a donor-advised fund by fax or mail.

To open a donor-advised fund by fax or mail, complete a Donor Application, Contribution Agreement and supplemental paperwork as needed. When setting up a donor-advised fund you will be asked to:

Name the donor-advised fund
Recommend an investment pool
Designate Donor-Advised Fund Advisors and Successor Advisors
Step 3: Fund your Harris Charitable Fund Program DAF.
Mail a check, wire funds or transfer securities. For a complete list of qualified assets refer to the Program Guidelines.

Step 4: Once the DAF is funded, it is immediately ready for grant recommendations. Refer to Grantmaking for more information on how to make grants online at NPT's Harris Charitable Fund Program website, by fax or mail.

     
 
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This summary is not intended to be tax or legal advice and cannot be used by any taxpayer for the purpose of avoiding tax penalties that may be imposed on the taxpayer. This summary is being used to support the promotion or marketing of the transactions discussed herein. The taxpayer should consult an independent tax advisor.

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Harris ® is a trade name used by various subsidiary financial service providers of Harris Financial Corp.