All donor-advised funds on AssetMark Charitable are Advisor Managed Accounts (AMAs) and managed directly by your advisor. To fund your DAF, reach out to your advisor and review the amount you are looking to allocate to your fund. Your advisor will initiate a contribution outside of the platform and you will attest to the contribution after the processing is complete.
The only time a donor should use the Add Funds option within the platform is when you are transferring assets from an existing DAF. Otherwise, work directly with your Advisor to fund your DAF using a wire transfer, security contribution, or other contribution types.
External Fund Transfer - Cash
To create a DAF-DAF transfer LOI for Cash Contributions:
From your homepage, click Add Funds > select External Fund - Cash and enter the transferring DAF platform and the amount of the fund transfer:
Attest to the Terms & Conditions and click Continue. This has completed your "Intent to Contribute".
The final step is to login into your external institution to initiate the cash transfer, using the details on this page. The transfer will be a grant from your existing DAF to GiveClear Foundation, EIN: 81-3222963 located at 1235 East Blvd Ste E PMB 1836, Charlotte, NC 28203.
Include a grant note or FFC details to denote your DAF to apply the funds to:
Ex: Donor: David Miller & Fund ID: 54b0998a33e1
You will receive an email notification of the intended external DAF transfer, along with instructions on how to transfer the external fund or DAF to the GiveClear Foundation from the other platform. It is important you initiate the DAF-to-DAF transfer from your existing DAF to the GiveClear Foundation as outlined in the instructions. Failing to do this will delay the funds from moving into the AssetMark Charitable DAF.
Inform your relationship manager that you have initiated a DAF transfer as there are manual tracking steps needed to fully process the transfer.
**Once GiveClear has received the funds from your external DAF provider, please allow 5 to 7 business days for the balance to be reflected on the AssetMark Charitable site. If your balance has not updated within this timeframe, please reach out via the chat feature, or your relationship manager.
External Fund Transfer - Securities
To create a DAF-DAF transfer LOI for in-kind security transfers often depend on the transferring institution. While AssetMark Charitable allows for in-kind transfers, some other DAF providers require the donor to liquidate their DAF assets before moving the fund to a new program. If you are able to send securities to your new AssetMark Charitable DAF in-kind, follow these steps below:
From your homepage, click Add Funds > select External Fund - Securities.
Enter the transferring DAF platform and the ticker and quantity of shares and click Add. You can add as many shares as you would like or conduct a bulk security upload.
Attest to the Terms & Conditions and click Continue. This has completed your "Intent to Contribute".
The final step is to login into your external institution to initiate the journal transfer of securities using the details on this page. Depending on the custodian selected for your AssetMark Charitable DAF, the DTC Bank and transfer instructions will change. Ensure you are journaling the shares to the correct Account Number and include any FFC details (if applicable).
You will receive an email notification of the intended external DAF transfer, along with instructions on how to journal the shares to your AssetMark Charitable DAF.
Inform your relationship manager that you have initiated a DAF transfer as there are manual tracking steps needed to fully process the transfer.