This post was authored by Salvatore M. Capizzi, Dunham's Chief Sales & Marketing Officer. If you have questions concerning today's topic, please call us at (858) 964 - 0500. Hold us to higher standards.

Establishing a multigenerational giving plan effectively passes along shared beliefs and values to your family. This leaves a positive impact for your family to follow. It inserts a moral and ethical attitude about the need to help others and creates a lasting impression on your children and grandchildren.

Philanthropy through the Dunham Donor-Advised Fund offers the opportunity for multiple generations to come together in a common purpose and provides an incomparable forum for families to work together towards a common cause. Giving bonds a family by providing them opportunities to spend time together in a responsible and caring manner.

A Donor-Advised-Fund provides an incomparable forum for families to work together towards a common cause.

Case Study

Many years ago, Mary and John were concerned about teaching their children the importance of giving back. Their financial advisor suggested establishing a donor-advised fund and involving their children ages 9, 12, and 15 in charitable giving. They donated money into the fund and received an immediate tax deduction. He suggested they create a “Family Philanthropic Committee” where each family member would present up to two charitable groups they wanted to support, and they would make their case for the charity.

Each family member became an “advocate” for the organization they were passionate about. The members would then vote, and the top three with the most points received funding for the year.

As the children began working after-school and summer jobs, they were encouraged to add their own contributions to the fund.

When Mary and John’s children grew up and began having children of their own, the Family Philanthropic Committee expanded. It became a way to connect the family members together, especially as the kids moved out of the house and became geographically dispersed.

Mary and John’s Dunham Donor-Advised Fund created a legacy of giving that is now passed to their grandchildren, and will eventually pass to their great-grandchildren. Giving as a family allows parents to introduce their children to charitable giving at a young age, so they can experience first-hand what it feels like to leave a positive impact.

To learn more, speak to your financial advisor. They will explain what options might be ideal for you and your family’s individual situation.

Find out how the Dunham Donor-Advised Fund can help you leave a positive impact for your family to follow by clicking the button below.

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DAF Disclosures:

This communication is general in nature and provided for educational and informational purposes only. It should not be considered or relied upon as legal, tax or investment advice or an investment recommendation, or as a substitute for legal or tax counsel. Any investment products or services named herein are for illustrative purposes only, and should not be considered an offer to buy or sell, or an investment recommendation for, any specific security, strategy or investment product or service. Always consult a qualified professional or your own independent financial professional for personalized advice or investment recommendations tailored to your specific goals, individual situation, and risk tolerance.

Federal and state laws and regulations are complex and subject to change, which can materially impact your results. Charitable deductions at the federal level are available only if you itemize deductions. Rules and regulations regarding tax deductions for charitable giving vary at the state level, and laws of a specific state or laws relevant to a particular situation may affect the applicability, accuracy or completeness of the information provided. Dunham Associates & Investment Counsel, Inc. (“Dunham”) cannot guarantee that such information is accurate, complete or timely; and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information.  Always consult an attorney or tax professional regarding your specific legal or tax situation.

All financial decisions and investments involve risk, including possible loss of principal. The market value of the Dunham Donor Advised Fund (“Dunham DAF”) is not guaranteed by UI and may fluctuate depending upon investment results.

Investors should carefully consider a fund’s investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.

A donor advised fund (“DAF”) is a separately identified account that is maintained and operated by a section 501(c)(3) organization, and is not a registered investment company.

The Dunham DAF is powered by University Impact (“UI”), a registered 501(c)(3) nonprofit in the United States who manages the charitable aspects of the Dunham DAF.

UI charges fees to the Dunham DAF for administrative services in accordance with the Fee Schedule as outlined in Appendix A of the UI Donor Advised Fund Agreement (“Agreement”). Accounts are required to maintain a $1,000 minimum balance and are subject to support investment fees as explained in the Agreement. A list of current fees and initial gift minimums is available upon request. UI reserves the right to change its fee or minimum policies at any time. There may be additional fees charged by the Financial Advisor that is separate from UI’s administrative and impact investment fees.

Contributions to the Dunham DAF are irrevocable contributions made to UI, a public charity.

Assets contributed to the Dunham DAF (once liquidated, if applicable) will be invested in the Dunham Asset Allocation Program sponsored by Dunham.  Investment allocations may be changed according to Dunham’s standard policies and procedures.  UI may hold up to 5% of the Dunham DAF assets in non-interest bearing cash at any time.

As the Program Sponsor, Dunham charges each donor a single service program fee (“Program Fee”) not exceeding 0.25%.

In addition, a Financial Advisor may charge a client/donor an asset-based advisory fee (“Advisory Fee”) as specified in the Advisory Agreement. Detailed advisory and expense fee information about the Dunham Asset Allocation Program is available in the Wrap Fee Program Brochure available upon request.

As investment adviser to the Dunham Funds, Dunham receives the investment advisory compensation described in the Dunham Funds’ prospectuses and such fees are borne by all shareholders in the Dunham Funds, including the donor.

Dunham & Associates Investment Counsel, Inc. is a Registered Investment Adviser and Broker/Dealer. Member FINRA/SIPC. Advisory services and securities offered through Dunham & Associates Investment Counsel, Inc.