Name BlueGive in your Estate Documents
To name your BlueGive DAF in any estate documents, reference the Fund Name and / or DAF Account Number held at the BlueGive DAF sponsor, GiveClear Foundation, Inc.
For example: "John Terry’s Family Fund at the GiveClear Foundation"
The fund name is decided by the client or advisor and the DAF account number is created upon completion of your BlueGive account setup.
Both can be found on the DAF Overview page:
GiveClear Foundation, Inc
1235 East Blvd
Ste. E PMB 1836
Charlotte, NC 28203
EIN: 81-3222963
What happens after a donor's death?
IMPORTANT NOTE: The specific procedures and processes may vary depending on the DAF sponsor and the terms outlined in the donor's estate documents. The donor should work closely with the DAF sponsor and their legal and financial advisors to ensure that their charitable intentions are clearly documented and understood.
Generally, when a Donor-Advised Fund (DAF) is listed as a beneficiary in estate documents or designated as a beneficiary of qualified assets, the DAF sponsor (GiveClear), or the financial institution that manages the DAF, will typically follow specific procedures for managing the distributions from the DAF after the donor's death.
Here's how it generally works:
Notification & Documentation: The DAF sponsor will need to be notified of the donor's passing and provided with the necessary documentation, such as a copy of the donor's will or trust documents, and any other relevant legal paperwork.
Funding the DAF: Once the DAF sponsor is notified and receives the necessary documentation, they will work with the donor's estate or legal representatives to fund the DAF with the assets specified in the donor's estate plan.
Management of Distributions: The DAF sponsor will manage the DAF account and make distributions to qualified charitable organizations based on the donor's charitable intent, as specified in the donor's estate plan or as determined by the donor when the DAF was established. The donor may have provided guidelines or recommendations for how the funds should be distributed.
Compliance with IRS Regulations: The DAF sponsor must ensure that all distributions comply with IRS regulations and guidelines for DAFs. This includes making sure that the distributions are made to IRS-qualified 501(c)(3) charitable organizations. I’ll
Grantmaking Decisions: In the absence of specific guidelines from the donor, refer to the Ronald Blue Trust Program Guidelines.
It's recommended to keep beneficiary designations and estate documents up to date to reflect any changes in charitable intent or the intended recipients of DAF distributions.