Contributing Complex Gifts on AssetMark Charitable
AssetMark Charitable has partnered with Charitable Solutions and their DAF, Dechomai, to accommodate your complex gifting needs!
Charitable Solutions is a specialized firm that facilitates complex charitable gifting for DAFs and focuses on helping donors contribute non-cash assets, such as:
Privately held business interests (LLCs, S-Corps, C-Corps)
Real estate
Restricted stock
Cryptocurrency
Alternative investments
Charitable Solutions works with AssetMark Charitable to maximize tax benefits while ensuring compliance with IRS regulations. Their expertise helps donors navigate the complexities of illiquid asset donations, making it easier to integrate these gifts into a long-term philanthropic strategy.
How does the Complex Gifting process work?
Here's what that process looks like:
Reach out to eservice@assetmark.com letting them know you want to donate a complex gift > they will then reach out to Charitable Solutions on your behalf and set up an introductory call.
After the initial introductory call, someone from the Charitable Solutions team will send out the applicable paperwork out via email.
To complete their due diligence, Charitable Solutions typically requests all documents used in establishing and governing the entity, if appropriate, including:
Articles of Incorporation and Amendments, Partnership Agreement, and/or Operating Agreements, with any amendments
Current Bylaws
Recent Tax Returns and /or Financial Statements (Current YTD)
Recent K1’s (Previous 2 Years)
Donors should work with their advisory team to gather the requested documents as well as information for the entity such as
its activities;
whether the contributed interest in the entity considered long term capital gain property (held over 1 year);
whether there is debt on the interest in the entity itself or its operating assets;
whether there are allowances for transfer of ownership or restrictions that can be waived, plans for sale, etc.
The donor’s team should send the completed paperwork and requested information to the Charitable Solutions team so they can begin their due diligence review.
Charitable Solutions will conduct due diligence to determine whether they can accept the donation.
This process typically takes between 1-3 business days
Charitable Solutions will respond with any questions that arise from due diligence review.
At this stage, Charitable Solutions will confirm whether it can accept the donation.
If accepted, the donor team will work with Charitable Solutions to prepare the transfer documents required to complete the donation. During and/or after preparation of the transfer documents, the donor’s team will send the documents for Charitable Solutions to review prior to their execution date.
Upon Charitable Solutions' approval of the transfer documents, the donor executes and shares the signed documents.
Charitable Solutions will countersign the transfer documents if necessary and return the fully executed documents to the donor’s team.
At this stage, the donation is complete. Charitable Solutions will book the donation and send out correspondence acknowledging receipt of the gift.
Following a liquidity event, Charitable Solutions will move the funds (net of fees) to your AssetMark Charitable DAF account for granting and/or investment.
Additional information is below for donating Real Estate, C-Corps. S-Corps, and all non-cash donations: