Yes! One of the great benefits of a donor advised fund is the ability to name Successors, the people or charities who will succeed you on your fund. Here at JCF, we are proudly serving the third generation of many philanthropic families. JCF offers unlimited succession on our donor advised funds, enabling you to pass along your charitable legacy for generations to come.
What happens to the donor advised fund at death?
You may leave assets to JCF through your will; however, you should not establish a Succession Plan for an existing donor advised fund through your will. All Succession Plans must be submitted in writing using JCF’s Succession Plan form or in a signed letter that is approved by JCF during your lifetime. The Succession Plan tells JCF what you would like to happen to your donor advised fund once all donors on the fund pass away.
What is a Successor on a Donor Advised Fund?
Successors are individuals and/or charities named by JCF Fundholders to succeed them on their fund.
JCF has created three basic options for your Succession Plan:
- Option 1: Designate Individuals as Successors
- Option 2: Name Successor Charities
- Option 3: Divide Assets Between Successors and Charities
Contact us at [email protected] to schedule a call to create or update your fund’s Succession Plan.