Donor Advised Fund

A donor-advised fund is a charitable account that helps you execute on and organize your giving.  You can recommend grants to charities and your fund will be invested with the potential to grow over time.  Our online portal allows donors to make grant recommendations, track their giving over time, make new contributions, select an investment designation and access statements.

Our Approach

Bank of America Charitable Gift Fund has been helping donors give money to favorite charities in an organized, tax-efficient and worry-free way since 1955. You can depend on us to help you realize your philanthropic goals while you support important causes through the donation of a wide range of assets.

Bank of America Charitable Gift Fund benefits:

• Receive a current-year income tax deduction (as a gift to a 501(c)(3) public charity)
• Donate appreciated assets without incurring capital gains taxes
• Make grant recommendations now or in the future
• Involve your family in charitable giving
• Open an account with an initial contribution of $25,000
• Choose from multiple investment objectives
• Pick your own fund name—just like a private foundation
• Enhance your impact through professional investment management and tax-free compounding of investment returns
• Manage your charitable giving online or with your financial advisor

Services

Access and manage your gift fund account using our flexible, secure website:

• Review your fund balance and transactions
• Research grantees using the Guidestar® database of 1.8 million IRS–recognized charitable organizations
• Recommend grants
• Make additional contributions
• Download useful forms
• Review fund advisors, profile information, and FAQs

Open your account

• Make an irrevocable, tax-deductible contribution to your donor-advised fund
• Initial contribution minimum is $25,000; additional contributions are $250 or more
• You can contribute a wide variety of assets layer including cash, mutual funds and securities
• Non-financial assets such as restricted stock, closely held business interests and real estate can also be accepted on a case-by-case basis. Contact us for details

Choose how your funds are invested

The Gift Fund offers 8 Investment Objectives, a money market fund and seven strategic asset allocation models ranging from All Fixed Income through Appreciation. Under each asset allocation model, we offer both a combined mutual fund and ETF layer portfolio (Hybrid) and an All-ETF portfolio (passive) option

Make grant recommendations to benefit charities that are important to you.

• You decide when to make grant recommendations, where to direct them and how much to grant
• Recommend grants 4 ways: through our secure website, via standard mail, by fax or by emailing a scan of the grant recommendation form
• Receive recognition for your donations or maintain anonymity to protect your privacy
• Research grantees using the Guidestar® database of 1.8 million IRS–recognized charitable organizations
• Authorize an unlimited number of individuals to serve as co-advisors to your Fund—an excellent way to build a family tradition of charitable giving