legacy fund

By Ken Nopar, VP-Senior Philanthropic Advisor

As the number of donor advised fund (DAF) accounts has increased to 1 million, many clients and their advisors know that if they have not already opened one, they soon will. Though most clients make their initial donations when they open their DAF accounts, some fund the accounts several months later or even after their death.

By Eric Kinaitis

A legacy fund at American Endowment Foundation (AEF) is a means by which you can use a donor advised fund to support charitable giving in the future for testamentary or estate planning purposes. A legacy fund would receive the gift of assets at a future date when a bequest or similar estate planning strategy takes effect.