How does a Donor Advised Fund work with Legacy?

Here's what makes Legacy a stellar choice! These are three benefits creating a Donor Advised Fund ("DAF") has compared to other DAF sponsoring organizations.

Legacy provides many benefits to Donor Advised Funds in comparison to other sponsoring organizations! 

1. Unlike most Donor Advised Fund sponsoring organizations, Legacy does not have minimum account balances to be able to open an account. If you are looking into opening a Donor Advised Fund and may be concerned about the starting balance, Legacy's team is willing to work with you! Many Legacy donor-advised funds are created to function as beneficiaries in estate plans and receive no activity until someone passes. 

2. If obtaining a tax benefit is the reason you are opening a Donor Advised Fund, look no further! Generally Donor Advised Fund's are eligible for an income tax deduction on the fair market value of your donated assets, up to 60% of your gross adjusted income. With Legacy, Donor Advised Funds have a higher opportunity to retain tax benefits. Legacy's Donor Advised Fund's carry minimal fees including 1% of the annual fund balance, taken at the end of the period and 1% allocation fees.

3. Legacy also accepts a wide range of assets that may be contributed through your Donor Advised Fund! Our team will work with your fund with any non-cash contributions that most do not consider such as property, and art. 

Lead a Legacy with Legacy Global and speak with the team about opening your Donor Advised Fund account today.