Minimum contributions. Remember that the minimum initial contribution to open a DAF under the Harris Charitable Fund Program at National Philanthropic Trust (NPT) is $25,000. Subsequent contributions can be as little as $5,000 or as generous as you desire.
Choosing investments. At the time a donor-advised fund is established, you may recommend that your gift be allocated to a specific investment pool. Failure to recommend a specific pool for investment will result in such gift being placed in the Highly Conservative pool. For contributions of assets other than cash, the Harris Charitable Fund Program's charitable sponsor, NPT, will seek to sell such assets promptly and invest the net sales proceeds in the approved investment pool.
Naming your fund. You can choose a name for your donor-advised fund (such as The Jones Family Fund; The Jones Family Fund for the Arts; The JJ Fund, etc.).
Naming primary and joint advisor. The primary advisor is typically the primary donor to the donor-advised fund, and has the authority to recommend grants and investment allocations, name and remove joint advisors, secondary advisors, successor advisors and/or charitable beneficiaries to the donor-advised fund. The primary advisor may name a joint advisor (typically a spouse, sibling, family member, etc.) to the donor-advised fund who will have the same full and equal privileges as the primary advisor.
Naming secondary advisor(s). The primary advisor may name secondary advisors who may recommend grants from the donor-advised fund. A secondary advisor is usually a child, relative or friend whom the donor believes will recommend grants from the donor-advised fund that are consistent with the donor’s areas of interest.
Naming successor advisor(s) or charitable beneficiary(ies). The primary advisor may select any person or persons to assume the privileges and responsibilities associated with the donor-advised fund upon the death or incapacity of all of the advisors to the donor-advised fund (“successor advisor”). The primary advisor may instead recommend a qualified charitable recipient or recipients for the donor-advised fund upon the death of the primary and joint advisor (if named).
Granting authority. If you give others authority to make contributions and recommend grants from your donor-advised fund, be sure to complete the special section in the application included for that purpose.
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