Creating Your Donor Advised Fund
After inviting a client to AssetMark Charitable, the invitation must be accepted by the client who will create a password and input their Date of Birth, Address, Zip code, and create a Fund Name.
Initiate the Funding of your DAF
All DAFs on AssetMark Charitable are Advisor Managed Accounts (AMAs) that are managed by your advisor. To fund your DAF, reach out to your advisor and review the amount you are looking to allocate to your donor-advised fund. Your advisor will contribute to the AMA outside of the platform.
Every night, a contribution file showing all transactions is uploaded into AssetMark Charitable with the details of the contribution. Advisors and their clients will be able to use the platform to view the details, contribution status, contribution history, and tax receipt.
New Contributions
After a new contribution has been made to your AssetMark Charitable DAF account, you will see a pop up window with the contribution details upon logging in. Here is an example of a security and cash contribution attestation:
When contributing securities into your DAF, a client would see a Contribution Confirmation page to attest to the security contribution that includes information such as:
Contributor Name
Date Received
Symbol
Number of Shares
The client must confirm the contribution by checking the attestation box and clicking Approve Contributions.
After reviewing and attesting to the contribution, you will brought to the DAF overview page, where you can view your historical Philanthropic Impact:
Contribution History
After reviewing and attesting to the contribution, you will be able to view the status of your contribution. You can either click Philanthropic Impact on the right upper hand tile of the dashboard, or View Recent Transactions in the toolbar on the lefthand side
In the top right table, view your aggregated Total DAF Balance, Pending Contributions, and Total Contributions.
You can also view your transactions, impact over a specific time range, and also your family activity
Below this is a list of all transactions. Toggle off grants and campaigns to filter down to contributions only. You can search for a specific contribution or select a date range to filter your results
To view the status of a contribution, click details on the right hand side
Pending - the contribution details have been received from the AssetMark Charitable team, and the contribution is being reviewed and reconciled
Reconciled - the contribution has been reconciled and the balance is now available
Canceled - the contribution has been canceled by the advisor