Goldman Sachs presents donor-advised funds (DAFs) by its personal wealth administration division. Charges for these philanthropic accounts sometimes contain an annual administrative charge primarily based on a share of the belongings underneath administration. This share can range primarily based on the dimensions of the fund, with bigger funds usually benefiting from decrease charges. Along with the executive charge, there can also be funding administration charges relying on the chosen funding technique. Potential donors ought to seek the advice of instantly with Goldman Sachs for particular charge schedules and funding choices.
Donor-advised funds present a versatile and tax-advantaged technique to handle charitable giving. Contributions are tax-deductible within the 12 months they’re made, and the funds can develop tax-free. Donors can then advocate grants to eligible charities over time, permitting for strategic philanthropy. The construction of DAFs permits donors to consolidate their giving, simplify record-keeping, and probably amplify their philanthropic impression. Using DAFs has grown considerably in latest a long time as a well-liked car for charitable giving.
