Goldman Sachs affords donor-advised funds (DAFs) via its personal wealth administration division. Charges for these philanthropic accounts usually contain an annual administrative payment primarily based on a share of the belongings beneath 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 payment, there might also be funding administration charges relying on the chosen funding technique. Potential donors ought to seek the advice of instantly with Goldman Sachs for particular payment schedules and funding choices.
Donor-advised funds present a versatile and tax-advantaged option to handle charitable giving. Contributions are tax-deductible within the yr 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 probably amplify their philanthropic impression. The usage of DAFs has grown considerably in current many years as a well-liked automobile for charitable giving.
