Goldman Sachs affords donor-advised funds (DAFs) by means of its personal wealth administration division. Charges for these philanthropic accounts sometimes contain an annual administrative charge primarily based on a share of the property below administration. This share can differ primarily based on the dimensions of the fund, with bigger funds typically benefiting from decrease charges. Along with the executive charge, there may additionally be funding administration charges relying on the chosen funding technique. Potential donors ought to seek the advice of instantly with Goldman Sachs for particular charge 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 doubtlessly amplify their philanthropic affect. The usage of DAFs has grown considerably in latest a long time as a preferred automobile for charitable giving.
