Charitable vehicles comparison
Donor-advised fund or private foundation
Creating a successful charitable giving plan begins with understanding the differences between various charitable vehicles. Here we compare two frequently employed charitable planning vehicles — the donor-advised fund (DAF) and private foundation to help you structure and plan your giving. For more detailed information about these solutions, please contact your advisor.
Our Offerings
Note: An increasing number of philanthropic individuals and families utilize both donor-advised funds and private foundations in a comprehensive charitable giving strategy.
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1 Deductions for contributions are based on fair market
value if held for more than one year. Contributions of non-publicly
traded securities or nonfinancial assets to a private foundation are
limited to cost basis.
2 Income received from investment assets (before taxes) such as bonds, stocks, mutual funds, loans and other investments (less related expenses).
3 Please note: additional fees may apply to some of these services.
4 If the account balance falls below $25,000 at the end of any quarter, the account will be placed into the Principle Preservation allocation.
5 Considered on a case-by-case basis.
Global Wealth & Investment Management (“GWIM”) is a division of Bank of America Corporation (“BofA Corp.”). Merrill Lynch Wealth Management, Merrill Edge™, U.S. Trust and Bank of America Merrill Lynch are affiliated subdivisions within GWIM.
Merrill Lynch Wealth Management makes available products and services offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S”) and other subsidiaries of BofA Corp. Merrill Edge, available through MLPF&S consists of Merrill Edge Advisory Center (investment guidance) or self-directed online investing. The Private Banking and Investment Group, a division of MLPF&S, offers a broad array of personalized wealth management products and services.
Institutional Investments & Philanthropic Solutions is part of U.S. Trust, Bank of America Private Wealth Management and U.S. Trust, Bank of America Corporation (“U.S. Trust”). U.S. Trust operates through Bank of America, N.A. and other subsidiaries of BofA Corp. Bank of America, N.A., Member FDIC. Trust and fiduciary services and other banking products are provided by wholly owned banking affiliates of BofA Corp., including Bank of America, N.A. Brokerage services may be performed by wholly owned brokerage affiliates of BofA Corp., including MLPF&S.
Certain U.S. Trust associates are registered representatives with MLPF&S and may assist you with investment products and services provided through MLPF&S and other nonbank investment affiliates. MLPF&S is a registered broker-dealer, Member SIPC and a wholly owned subsidiary of BofA Corp.
Bank of America Merrill Lynch is a marketing name for the Retirement Services business of BofA Corp.
The Private Banking and Investment Group is a division of MLPF&S
that offers a broad array of personalized wealth management products
and services. Both brokerage and investment advisory services
(including financial planning) are offered by the Group’s Private
Wealth Advisors through MLPF&S. The nature and degree of advice
and assistance provided, the fees charged, and client rights and
Merrill Lynch’s obligations will differ among these services. The
banking, credit and trust services sold by the Group’s Private Wealth
Advisors are offered by licensed banks and trust companies, including
Bank of America, N.A., Member FDIC, and other affiliated banks.
