Opening a NEW Donor Advised Fund:
FRIDAY, December 13, 2019
Your AEF Donor Advised Fund Application & required investment paperwork will need to be completed by this date. This should allow enough time to get assets transferred. Other deadlines to know include:
- All checks must be USPS postmarked by 12/31/2019 and sent directly to American Endowment Foundation, 5700 Darrow Road, Ste. 118, Hudson, OH 44236 for the deposit to qualify for a 2019 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 be transferred into the investment account by 12/31/2019 to receive a 2019 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.
Planning on making a transfer of complex assets like closely held business interests, insurance, alternative investments, private placements, etc.?
AEF must have all documents related to those transactions (completed AEF questionnaire and any other supporting documentation like operating agreements, insurance illustrations, private placement memorandums, etc.) no later than December 2, 2019 in order to have proper review and acceptance approval completed BEFORE the other DAF deadlines.
Grant Making Deadline:
Manual grants: TUESDAY, December 10, 2019
Grants through DonorCentral: TUESDAY, December 17, 2019
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 2020.