Goldman Sachs affords donor-advised funds (DAFs) via its non-public wealth administration division. Charges for these philanthropic accounts sometimes contain an annual administrative price based mostly on a share of the belongings beneath administration. This share can differ based mostly on the dimensions of the fund, with bigger funds usually benefiting from decrease charges. Along with the executive price, there may additionally be funding administration charges relying on the chosen funding technique. Potential donors ought to seek the advice of instantly with Goldman Sachs for particular price schedules and funding choices.
Donor-advised funds present a versatile and tax-advantaged technique to handle charitable giving. Contributions are tax-deductible within the 12 months they’re made, and the funds can develop tax-free. Donors can then advocate grants to eligible charities over time, permitting for strategic philanthropy. The construction of DAFs permits donors to consolidate their giving, simplify record-keeping, and probably amplify their philanthropic affect. The usage of DAFs has grown considerably in latest a long time as a well-liked car for charitable giving.
