Contribution FAQs

Please reach out to your financial advisor and they can assist with any contributions you’d like to make.

You can contribute cash, stocks, mutual funds, ETFs, or transfer external DAFs to an AssetMark Charitable account. You also have the option to contribute complex gifts such as real estate, crypto currency, art, and much more. Please consult with your financial advisor on the different contribution types available for your donor advised fund.

When you contribute to your AssetMark Charitable advisor managed account, your balance will sync during the nightly processing job and the updated account value will be shown on the platform interface.

Once your charitable contribution is posted in the account, it becomes the property of GiveClear™ Foundation, the nonprofit organization that sponsors the AssetMark Charitable account. From there, you can advise on which charities you’d like those funds to go to by making grant recommendations through the AssetMark Charitable site.

Please check with your financial advisor as to how long it typically takes for them to submit and process contributions.

Once your financial advisor has completed the contribution they will send over the transaction details for that contribution and TIFIN (the tech and operations behind the AssetMark Charitable program) will then reconcile the contribution to the DAF account and add it to the balance.

No. GiveClear™ Foundation, the nonprofit organization that sponsors the AssetMark Charitable account, does not charge a fee for making a contribution.

No. Your contribution into the AssetMark Charitable account is a charitable contribution and as such, it is irrevocable.

Please consult with your financial advisor to determine which bank accounts are eligible.

You cannot contribute funds directly from a 401(k) or IRA to a Donor-Advised Fund (DAF).

You may name an AssetMark Charitable account as the beneficiary of an IRA or other retirement plan (contact your plan administrator for instructions).

Donor Advised Funds are not eligible recipients for an IRA Charitable Rollover.

To name your DAF as a beneficiary of your IRA, you will need distribution instructions for the DAF’s sponsoring charity: GiveClear Foundation.

While charity distributions instructions may differ across originating firm form requirements, please be sure to include the following detail:

You can recommend a grant to an IRS-qualified public charity using the available funds in the account.

At this time, the only third party contributor that AssetMark Charitable accepts are DAF transfers from a third party DAF platform.

To make your transfer, open an AssetMark Charitable account.

Contact your current DAF provider and recommend a grant to “GiveClear™ Foundation” (EIN# 81-3222963).

Please be sure to include your full name and AssetMark Charitable account number in your grant request. You can find the account number in the account confirmation email, which you’ll receive once the account opening process is complete.

Please let your financial advisor aware that you are transferring an existing DAF to the AssetMark Charitable DAF program as there are additional steps needed from their side.

To track the status of any contribution, click on the Recent Transactions page and click into the Contribution to track the funding status.

It is recommended to initiate your charitable transfer of cash or securities at least 3 business days before December 31st so that GiveClear™ can receive the contributed asset before the year-end deadline.

To receive an official receipt for your charitable contribution in a given tax year, the contribution must be received by GiveClear prior to December 31st in the same year.

Please note that processing times may vary, and GiveClear and AssetMark Charitable are not responsible for delays.

Please reach out to your financial advisor if you need any corrections made to your contribution.

The AssetMark Charitable site reflects the account balance as of yesterday’s close so you may see some variance in the account balance between eWealth Manager and AssetMark Charitable. Please note that it may take up to five business days for a recent contribution to be reflected in the account balance. If it still looks incorrect after 5 days, please reach out to your advisor or contact us via chat support for assistance.

While AssetMark Charitable accepts in-kind transfers, many DAF providers do not allow securities to be transferred in-kind. You will need to liquidate the account first, and then create a grant to the GiveClear Foundation in the full amount of the DAF.

Please consult with your financial advisor as they handle the liquidation of shares for your charitable account

Yes, contributions are eligible for an immediate tax deduction in the year they are made, subject to IRS limits with exception of DAF transfers.

To claim a tax deduction for your Donor-Advised Fund (DAF) contributions, you must itemize deductions on your tax return. If your total itemized deductions (including charitable contributions) do not exceed the standard deduction, you may not receive an additional tax benefit from your DAF contribution.

AssetMark Charitable will issue a tax receipt confirming the donation amount and date for your records.

The AssetMark Charitable platform calculates the tax value of the gift (shares received) which is the average of the share price high and low on receipt date.

Yes, donating appreciated assets allows you to deduct the fair market value and avoid capital gains taxes.

Yes, deductions for DAF contributions are subject to IRS limits—up to 60% of AGI for cash and 30% for non-cash assets.

Disclaimer: We are not tax professionals, and the information provided should not be considered tax, legal, or financial advice. Please consult your tax advisor or financial planner to discuss your specific situation.

We certainly can receive cryptocurrency gifts, but we would file this under the complex gift label and work with the Dechomai team to help process and liquidate the funds. Please reach out to your advisor or relationship manager if you're interested in gifting cryptocurrency or other alternative assets.

You may be required to file Internal Revenue Service (IRS) Form 8283 with your tax return to report information about noncash charitable contributions, if the amount of your deduction for all noncash contributions during the year is greater than $500, before applying any AGI limits.

Qualified appraisals are generally required for hard to value assets and therefore not required when donating marketable securities and cash through AssetMark Charitable. Please consult your tax advisor for more information.

Yes, a private foundation can open an AssetMark Charitable DAF and transfer assets to it. This strategy is often used to simplify administration, reduce costs, and maintain philanthropic flexibility.

The foundation may receive a charitable deduction for the transfer (if eligible) and can continue recommending grants through the DAF. However, once assets are moved to a DAF, they become irrevocable and must comply with DAF regulations, which are typically more restrictive than private foundation rules.

Publicly traded assets use market prices, while privately held assets require an independent appraisal conducted by our partner Dechomai.

If your advisor made a contribution into the AMA you will be prompted to attest to those contributions when you login to the platform so we can reconcile it on our end.

Once reconciled, the contribution will be added to the balance and the tax receipt will immediately be available for download within the documents section of the platform.

Donors get tax credit for the value of the security when the change in ownership happens (from donor to DAF sponsor). Change in ownership happens when the DAF sponsor (GiveClear Foundation) receives the security in their account.

Your advisor will then liquidate the shares and the actual proceeds from that liquidation is what gets added to the DAF balance. Depending on when your advisor liquidates the shares, there may be some market fluctuation from when GiveClear receives the shares to when they are liquidated and settled which would result in a slight difference between the value on the tac receipt versus the value that is added to the DAF balance.

GiveClear Foundation
1235 East Blvd
Ste. E PMB 1836
Charlotte, NC 28203

Donor submits grant to GiveClear Foundation from their current DAF provider

In the grant notes, they specify the brokerage account #, and the name of the AssetMark Charitable DAF

AssetMark relationship manager will notify TIFIN that a DAF-DAF transfer has been initiated with all the details: which DAF provider the transfer is coming from, donor name, and amount

AssetMark will provide TIFIN with ACH instructions for the DAF brokerage account so when GiveClear receives the check they can transfer the funds from their account to the DAF brokerage account

If the donor has more than 1 DAF account and wants to move money from one DAF to the other DAF, this is considered a DAF to DAF transfer.

As such, the donor will need to create a grant in which GiveClear Foundation is the grantee, the donor needs to indicate in the grant note which DAF account the money is going to, the advisor or relationship manager must send TIFIN Give an email informing us of the DAF transfer and all the appropriate details (the name and brokerage accounts of the sending account and the receiving account), and AssetMark needs to send TIFIN Give an email once the transfer has been completed so that we can complete money movements in our systems.

Navigate to the Recent Transactions page. You can filter the table and chart by clicking on the Contribution Type column or chart legend.

Cash and Security Contributions: Check with your financial advisor for processing time, as they handle submission and processing. Once your advisor completes the contribution, TIFIN reconciles it to your DAF account and adds it to the balance.

External DAF transfers: Allow 5-7 business days for the balance to reflect on our site AFTER GiveClear receives the funds from the external DAF provider.

No

Please consult with your financial advisor if you’d like to retain stocks contributed to your DAF account. Since your advisor manages the account directly, they can choose to either hold the stock or sell it.