{"id":8583,"date":"2023-10-04T07:56:21","date_gmt":"2023-10-04T12:56:21","guid":{"rendered":"https:\/\/www.nptrust.org\/?p=8583"},"modified":"2025-02-25T14:10:14","modified_gmt":"2025-02-25T19:10:14","slug":"how-to-set-up-a-donor-advised-fund-daf-with-givingpoint","status":"publish","type":"post","link":"https:\/\/www.nptrust.org\/philanthropic-resources\/philanthropist\/how-to-set-up-a-donor-advised-fund-daf-with-givingpoint\/","title":{"rendered":"How to Set Up a Donor-Advised Fund (DAF) with GivingPoint"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The world today is more interconnected than ever, and with that heightened sense of connection, philanthropists are motivated to support the causes and nonprofits they are passionate about efficiently and effectively.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.nptrust.org\/what-is-a-donor-advised-fund\/\" target=\"_blank\" rel=\"noreferrer noopener\">Donor-advised funds<\/a> (DAFs) have <a href=\"https:\/\/www.nptrust.org\/reports\/daf-report\/\" target=\"_blank\" rel=\"noreferrer noopener\">continued to rise in popularity<\/a> in recent years because they offer donors relative convenience and flexibility. If you or your clients are new to the world of donor-advised funds, you may be wondering where and how to start. To help you navigate the process, we are providing this step-by-step guide.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.nptrust.org\/what-is-a-donor-advised-fund\/benefits\/\" target=\"_blank\" rel=\"noreferrer noopener\">With every DAF, donors can conveniently recommend grants<\/a> to qualifying nonprofits both at home and around the world. Donors often use their DAF to <a href=\"https:\/\/www.nptrust.org\/defining-your-philanthropic-legacy\/\" target=\"_blank\" rel=\"noreferrer noopener\">establish a charitable legacy<\/a>, and contributions to your DAF may provide <a href=\"https:\/\/www.nptrust.org\/what-is-a-donor-advised-fund\/daf-tax-consideration\/\" target=\"_blank\" rel=\"noreferrer noopener\">immediate tax benefits<\/a>. In contrast with <a href=\"https:\/\/www.nptrust.org\/donor-advised-funds\/daf-vs-foundation\/\" target=\"_blank\" rel=\"noreferrer noopener\">private foundations<\/a>, a DAF can be established within a comparatively short period of time and does not have accompanying start-up costs. The DAF sponsor handles the administrative side of grantmaking, thus simplifying the process for donors and allowing them to focus on fulfilling their philanthropic vision. At National Philanthropic Trust (NPT), contributions can be made as soon as the donor completes the DAF set-up process via NPT\u2019s online portal, <a href=\"https:\/\/www.nptrust.org\/philanthropic-resources\/philanthropist\/how-we-build-capacity-with-npt-givingpoint\/\" target=\"_blank\" rel=\"noreferrer noopener\">GivingPoint<\/a>:<\/p>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Setting Up a DAF<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">1. To establish a <a href=\"https:\/\/www.nptrust.org\/donor-advised-funds\/\" target=\"_blank\" rel=\"noreferrer noopener\">DAF at NPT<\/a>, a donor would reach out to NPT to review the ins and outs of the DAF program and ensure it is right for them. At NPT, donors can consult our <a href=\"https:\/\/www.nptrust.org\/wp-content\/uploads\/2024\/09\/A-Guide-to-your-Donor-Advised-Fund-NPT.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Donor Guide<\/a> which thoroughly explains how to create and maintain a DAF.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2. Next, a donor \u2013 or an advisor, working on behalf of their client \u2013 will need to complete the Donor Application and register via <a href=\"https:\/\/nptgivingpoint.org\/?_ga=2.24983602.903946319.1692624795-2074636657.1670606408\" target=\"_blank\" rel=\"noreferrer noopener\">GivingPoint<\/a>. There are three pieces of information needed at the start: naming the DAF, identifying a Primary Advisor and setting the investment allocation preference for the assets in the DAF. All other information can be updated at any time upon opening the DAF account.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">3.<strong> <\/strong>The final stage of the set-up process is contributing to the DAF. To contribute, a donor must complete a<a href=\"https:\/\/www.nptrust.org\/contribution-agreement-npt\/\" target=\"_blank\" rel=\"noreferrer noopener\"> Contribution Agreement<\/a> form, which can be accessed through their <a href=\"https:\/\/nptgivingpoint.org\/?_ga=2.24983602.903946319.1692624795-2074636657.1670606408\" target=\"_blank\" rel=\"noreferrer noopener\">GivingPoint account<\/a>. NPT\u2019s initial contribution minimum is $10,000.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Upon hitting \u201cSubmit,\u201d all aspects of DAF account management are immediately available, and donors can begin recommending grants to their favorite 501(c)(3) organizations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Using a DAF for charitable giving provides benefits for both donors and nonprofits. For donors, DAFs can streamline the giving process, provide tax benefits, and remove administrative burdens. For nonprofits, critical support can be received rapidly thanks to DAFs\u2019 tech-forward digital giving tools. National DAF sponsors like NPT offer a convenient mix of <a href=\"https:\/\/www.nptrust.org\/philanthropic-consulting\/\" target=\"_blank\" rel=\"noreferrer noopener\">expertise<\/a>, resources, services and technology which provides donors and their advisors with a head start in developing an effective <a href=\"https:\/\/www.nptrust.org\/philanthropic-strategy\/\" target=\"_blank\" rel=\"noreferrer noopener\">philanthropic strategy<\/a>.<\/p>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Get Started<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Learn more about NPT\u2019s uniquely flexible DAF and how to establish yours <a href=\"https:\/\/www.nptrust.org\/donor-advised-funds\/open-daf-account\/\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>. For advisors, NPT has curated a host of resources to round out your DAF knowledge <a href=\"https:\/\/www.nptrust.org\/advisors-and-institutions\/for-advisors\/\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The world today is more interconnected than ever, and with that heightened [&hellip;]<\/p>\n","protected":false},"author":41,"featured_media":8584,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_has_post_settings":[],"footnotes":""},"categories":[44,30],"tags":[],"hashtags":[],"class_list":["post-8583","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-for-donors","category-philanthropist"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How to Set Up a Donor-Advised Fund (DAF) | 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