Goldman Sachs gives donor-advised funds (DAFs) via its personal wealth administration division. Charges for these philanthropic accounts sometimes contain an annual administrative payment based mostly on a proportion of the property beneath administration. This proportion can differ based mostly on the dimensions of the fund, with bigger funds usually benefiting from decrease charges. Along with the executive payment, there may be funding administration charges relying on the chosen funding technique. Potential donors ought to seek the advice of instantly with Goldman Sachs for particular payment 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 suggest 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 influence. Using DAFs has grown considerably in current a long time as a well-liked car for charitable giving.
