FAQs
Answers to questions you may have as you get started with Charityvest for Advisors.
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Answers to questions you may have as you get started with Charityvest for Advisors.
Last updated
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As you get set up on Charityvest for Advisors, you may have questions about the program and/or the platform. We invite you to direct all program-related questions to your firm's program manager and all platform-related questions to the Charityvest team ().
Here are some common questions we thought might be valuable to address, organized in accordance with the overall structure of this guide:
It's easy to move a client DAF to your firm's giving platform, if you wish. You likely have one or more clients with existing donor-advised funds at other sponsoring organizations. Though you are not required to move any of your existing client DAFs to your firm's custom DAF program, we encourage you to compare it to their existing DAF. We also recommend that you open any new client donor-advised funds via your firm's giving program.
For security purposes, only share your login information with your trusted associates.
It depends. With Charityvest for Advisors, you can choose between two DAF account types for each of your clients:
Cash: The balance of this donor-advised fund account is held in cash, but is free to use. This is recommended for low balance accounts.
None. If you have experience with other donor-advised fund providers, you may be anticipating a list of required forms that you and your client must sign to initiate account activity. With Charityvest for Advisors, there are no forms. Here is why your clients are able to experience the joy of giving, form-free:
Invite them to your firm's custom DAF platform. It is possible that your client has an existing Charityvest donor-advised fund account. If so, you can invite them to move their account to your firm's program, instantly.
Since they already have a Charityvest account, you can invite them to your firm's program by using the email associated with their Charityvest account.
They will receive an email request to approve you as their advisor. Once they accept this request, you will be able to view and manage their profile from your advisor account.
Sending an invitation to a client with an existing Charityvest account? Be sure to use the email address that is associated with their existing Charityvest account, otherwise you will create a second account in their name.
Interested in making a contribution of a complex asset on behalf of a client?
No. As per IRS regulation, it is not possible for a donor-advised fund to receive qualified charitable distributions (QCDs).
Since client accounts on your firm's giving platform are legally designated as donor-advised funds, clients will not be able to leverage their DAF accounts for their IRA distributions.
We recommend you still encourage clients to make the most of QCDs through giving to qualified 501(c)3 charities.
Your client is still welcome to make a contribution to their donor-advised fund account via IRA, though their distribution would count towards their annual income for tax purposes.
Charityvest brokerage partners. As the donor-advised fund sponsoring organization for your firm's custom giving program, Charityvest has partnered with digital-first broker Alpaca Securities LLC to custody and provide an operationally efficient, no-hassle DAF solution. For mutual funds, Charityvest partners with Atomic via BNY Mellon Pershing.
If a client requests a grant, invested assets are automatically liquidated to fund the grant.
Your firm's selection of custom portfolios. At this time, you can select from portfolios curated by your firm.
To learn more about your investing options, contact your firm's Charityvest for Advisors program manager.
A beautiful interface for giving. The account view you have as an advisor slightly differs from what a client sees when they receive an invitation to your firm's custom giving platform.
As a trusted stakeholder in your client's financial life, they may lean on you for guidance when looking to make a grant from their DAF account. Some key aspects of the grantmaking process include:
Here are several reasons , including a modern, technology-driven client interface, access to and .
With your firm's DAF program, asset transfers from other donor-advised fund sponsoring organizations are as easy as requesting a grant. If you wish to move an existing client DAF to your firm's custom DAF platform, follow these to complete a DAF transfer on behalf of a client.
Share your advisor account login. Once you , you can share them with your team to help you , , , , , and .
: The balance of this donor-advised fund account is invested in your choice of your firm's custom portfolio options, with the option for you to assess a customary . A standard also applies on this account type.
With Invested accounts, the most your client would pay is the sum of your firm's chosen , along with a maximum of 60bps allocated to the (depending on balance).
To learn more about how client fees work with your firm's custom giving program, review this on pricing.
No investment advisor agreement. Your firm has entered into an advisory relationship with . All donor-advised fund accounts opened through your custom DAF platform are governed by this agreement.
No client agreement. When you open a donor-advised fund on behalf of your client, your client becomes a client of . Both you and your client are donor-advisors to funds contributed irrevocably to Charityvest.
No client IPQ. Since assets in a donor-advised fund do not belong to you or your client, a client IPQ is not required. However, it is always a good idea to discuss your clients' intentions and goals prior to investing. Here are some to help you navigate a client conversation about donor-advised funds.
With your firm's custom donor-advised fund program, opening a client account is seamless. If you are ready to invite your first client, follow these to open a client DAF account.
To invite a client with an existing Charityvest account to join your firm's branded experience, follow these .
Yes, via a best-in-class partner. For specialized donations, Charityvest for Advisors partners with a purpose-built complex gift acceptance firm to receive, report, custody, liquidate, and distribute proceeds for such assets. Our partner firm, , has nearly two decades of experience and has processed nearly $1 billion in non-cash gifts from individual donors into their donor-advised funds at various sponsors.
To learn more about how complex asset donations work at Charityvest for Advisors, review this on our partnership with Charitable Solutions.
Contact to get started with complex asset giving today.
To learn more about why Charityvest for Advisors cannot support QCDs, review this covering IRAs.
To learn more about Charityvest, review this covering legal structure and compliance matters.
Rebalancing happens automatically. With Charityvest for Advisors, accounts will automatically rebalance to target based on the model portfolio you select as an advisor.
To learn more about how rebalancing works through Charityvest for Advisors, review this on automatic portfolio rebalancing.
$0. There are no minimums on or Cash account types through your firm's custom giving program.
As an advisor, you can select from your for any client, down to $0 in DAF balance.
To learn more about account minimums with Charityvest for Advisors, review this on client fee structure.
Yes. With accounts the portion is optional. As an advisor, you have the option to turn off advisory billing for any of your client DAFs at your discretion.
To turn on or off your advisory fee for a client donor-advised fund, follow these .
For clients, Charityvest for Advisors unlocks an easy-to-use giving platform to make or , support and lead , send , designate , and retrieve .
To learn more about your client's experience, review this on how clients use Charityvest for Advisors.
Share resources from the public Charityvest guidebook or recommend a philanthropic advisor. As an advisor, you are not able to make grants to charity on behalf of a client. You can and .
For clients, it is fee-free to recommend a grant to charity via your firm's custom-branded DAF. To recommend a grant to any of the 1.4 million+ eligible 501c3 charities, they can follow the .
We send grants to charities daily via PayPal and weekly via check, after we review each grant for compliance with IRS Code. To track the status of a grant, your client can follow the .
When a client recommends a grant, we'll deduct from their existing DAF balance to cover the grant amount. For clients with an Invested account, we automatically liquidate the invested assets as needed and rebalance their portfolio to target. To learn more about how grants are funded, your client can review more .
For more structured guidance, you can offer our selection of to your clients as needed.
Curious to learn more about your firm's custom DAF program? Contact your firm's program manager for program-related matters or Charityvest () for platform-related matters.