JOHNS HOPKINS DONOR ADVISED FUND: A PRACTICAL ALTERNATIVE TO A FAMILY FOUNDATION

Manage your charitable giving efficiently with a Donor Advised Fund account, offering you and your family the flexibility to recommend support for Johns Hopkins and your other favorite charitable organizations, and simplifying your record-keeping and giving.

In the year that Paula Boggs, A&S ’81, HOW IT WORKS BENEFITS OF A DONOR ADVISED retired from her position as general With a fully deductible gift to Johns FUND ACCOUNT counsel for an international company, Hopkins of $250,000 or more in • Simplify giving to Johns Hopkins she received additional income due to cash, securities, or other assets, you and other charities. her transition. Paula, a Johns Hopkins can establish a Johns Hopkins Donor • Leverage Johns Hopkins’ expertise trustee and Legacy Society co-chair, Advised Fund (DAF) account in your in fund maintenance and distribution, is a longtime supporter of the Krieger or a loved one’s name to serve as a investment management, and School of Arts and Sciences and also central source for your . administration. gives generously to other charitable Then recommend distributions in • Build a charitable legacy for you organizations. She wanted to expand the form of grants to any area of and your family. her giving to other areas of Johns Johns Hopkins and other charitable • Claim an immediate tax deduction. Hopkins, including the Peabody organizations on your own timetable. • Remain anonymous, if desired. Institute, and sought an income tax Johns Hopkins approves the • Avoid costly and complicated deduction in the year that she retired, recommendations (unless they would foundation rules. If you have an so she established a Johns Hopkins benefit you or your family or an existing family foundation, you can Donor Advised Fund account. This organization whose values are in even convert it to a DAF account. provides Paula with tax advantages, a conflict with those of Johns Hopkins). streamlined approach for giving to At least 60 percent of the distributions Johns Hopkins and other organizations, must support Johns Hopkins projects and the flexibility to make grant of your choice. Make additional gifts requests at any time. to your account at any time. The Johns Hopkins Donor DONOR ADVISED FUND DETAILS Professionally Invested and Managed: Advised Fund at a Glance Tax-wise: Claim a federal charitable , in income tax deduction for the full conjunction with Kaspick & Company, Minimum to open an account: amount of your gift to establish a DAF LLC (a subsidiary of TIAA-CREF) $250,000 in cash, publicly account. Gifts of cash are deductible will provide expert investment and traded securities, or other up to 50 percent of your adjusted gross administrative services for your approved assets income. Pay no capital gains tax on account. Accounts will be invested in Minimum balance required: gifts of long-term appreciated securities, one of Johns Hopkins’ standard asset $100,000 which are deductible up to 30 percent allocation mixes or in a special Minimum for additional gifts: of your adjusted gross income. Unused cash option. Your objectives and time None deductions can be used over the horizon for your account will help five-year period after the year of your guide the investment decisions. Johns Required annual distributions: gift. All assets donated to your account Hopkins will manage all record None are removed from your taxable estate. keeping and provide you with detailed annual reports. Minimum amount per grant: Convenient: Create one source for your $1,000 charitable giving. When you request CONTACT US Minimum of total distributions distributions in the form of grants Contact the Office of Gift Planning required to Johns Hopkins: to Johns Hopkins, and if you wish, to to speak with a gift planning advisor 60 percent other qualified nonprofits, Johns who will be happy to discuss your Hopkins will handle the payments and philanthropic goals and financial needs. Frequency of distributions: paperwork. Decide which areas of Our services are confidential and At donor’s discretion Johns Hopkins and other charities to collaborative, and we provide them Termination of account: support on your own schedule. without obligation. We look forward to Donor’s death (or deaths of Eliminate having to track your giving sharing more about the Johns Hopkins donor and spouse) with up to for tax purposes. Unlike private Donor Advised Fund and discussing an additional 10 years if a foundations, which require a five- other philanthropic strategies. third-party advisor is named, or percent minimum distribution Johns Hopkins when the balance falls below annually, there are currently no Office of Gift Planning $100,000 for two consecutive requirements for annual distributions San Martin Center, 2nd Floor quarters, if earlier from your DAF account. 3400 North Charles Street Investment and management: Efficient:There are no start-up charges , 21218 Johns Hopkins University, or fees. A competitive annual [email protected] in conjunction with administrative fee is paid from the 410-516-7954 Kaspick & Company, LLC account’s principal. When you are ready, 800-548-1268 make your recommendations for grants rising.jhu.edu/giftplanning Johns Hopkins does not give tax, legal, or financial advice; please consult of at least $1,000 to approved charities. your own advisor for individual advice. You may make additional gifts of any The information contained in this amount to your account at any time. publication is not intended to or written to be used, and cannot be used, for the purpose of avoiding penalties imposed under the Internal Revenue Code or promoting, marketing, or recommending to another party any transaction or matter addressed herein.