Client shared account access
Resources to share with your clients about shared account access.
Last updated
Was this helpful?
Resources to share with your clients about shared account access.
Last updated
Was this helpful?
Once your client has accepted their invitation to their giving account under your firm's custom DAF program, they can invite others to join them in giving via shared accounts. By sharing their account access, clients can:
Manage their family’s charitable fund alongside spouses or other loved ones.
Involve the next generation in philanthropy by sharing their account access with children or grandchildren.
Collaborate with trusted colleagues on corporate giving initiatives.
As an advisor, you can .
Clients can also share their account access independently:
If your client wishes to share access to their private donor-advised fund account with one or more people, they must authorize additional fund members.
If your client is the primary fund manager on their giving account, they can:
Their personal information will be what recipient charities see (if they choose to share it).
My client is the primary fund manager. Will all tax receipts be in their name?
Tax receipting will be tied to the account holder that initiated the contribution. For example, if a client's family member was added as a fund manager and used their credit card to contribute to your client’s giving account, the family member will receive a tax statement in their name for the amount of their gift.
My client has been added as an additional fund manager. Will they still get a tax receipt for their giving?
Your client will be issued an annual tax statement in their name for any contribution they initiate, even if they are not the primary fund manager.
Your client's invited additional fund manager does not need an account under your firm's giving program or Charityvest. They will receive an email with instructions to join your client’s account. If they already have an account under your firm's giving program or Charityvest, they can sign in to access your client’s account. Otherwise, they will be invited to create a new Charityvest account.
What is the maximum number of fund managers my client can have on one account?
The client who you, as their advisor, invited to open a donor-advised fund account is considered the , while any members invited to the fund later on are .
For more detail on authorized fund members, your client can .
If your client was prompted to join an existing donor-advised fund account as an additional fund manager, they have full access to the account and have the same capabilities as the , with one exception – they cannot remove the primary fund manager.
For clients, it is easy to invite anyone as an on their account.
To invite additional fund managers, your client can .
There is no hard limit on the number of fund managers on a donor-advised fund account in your giving program. If your client has a unique situation, please contact us at for guidance on how to structure their account.
If, as the your client needs to remove an from their giving account, they can do so at any time, for any reason.
Once your client removes fund access for an additional fund manager, the changes will take effect immediately. Additional fund managers will no longer be able to view or act on their giving account. All future giving scheduled by the deactivated fund manager will be canceled. If they wish to retrieve their contribution history, they will need to contact .
To remove fund managers, your client can
