Opening a NEW Donor Advised Fund:
FRIDAY, December 14, 2018
Your AEF Donor Advised Fund Application will need to be completed by this date. This should allow enough time to process the application and investment paperwork, and have the gift assets transferred. Other deadlines to know include:
- All checks must be USPS postmarked by 12/31/2018 and sent directly to American Endowment Foundation, 5700 Darrow Road, Ste. 118, Hudson, OH 44236 for the deposit to qualify for a 2018 tax receipt.
- Sending a check via an alternative carrier such as FedEx or UPS will not qualify as a proof of sending.
- For the deposit of marketable securities, the deposit must hit the investment account by 12/31/2018 to receive a 2018 tax receipt.
Please be aware that different financial custodians may have deadlines that may restrict how and when certain assets can be transferred. Please check with your platform concerning their deadlines.
If you are not registered within the state of Ohio, you may need to complete your registration for the donor advised fund to be completed.
Grant Making Deadlines:
WEDNESDAY, December 19, 2018 for funds established BEFORE December 2018
FRIDAY, December 14, 2018 for new funds established IN December 2018
If an AEF donor intends to recommend grants out of a newly created AEF Donor Advised Fund (DAF), the DAF needs to be created no later than the first week of December to ensure there is time to book the gifts (10 business days) as well as process the grants (10 business days).
Please be aware, due to high seasonal volume, some grant recommendations may take longer than 10 business days to complete.
Grant recommendations received after the above dates will be processed in the order in which received and MAY NOT be processed until January 2019.