General / Account FAQs
What is a donor advised fund (DAF)?
A donor advised fund (DAF) is a charitable giving vehicle designed to invest, grow, and give assets to charities for meaningful and lasting impact.
What is the GiveClear™ Foundation? Is it a nonprofit organization (NPO)?
GiveClear™ Foundation is a tax-exempt nonprofit organization and public charity under Internal Revenue Code Section 501(c)(3). As a Donor Advised Fund Sponsoring organization, GiveClear provides the BlueGive Donor Advised Fund at Blue Trust.
As such, it receives your contributions, invests them in approved BlueTrust investment vehicles and distributes the money whenever you choose to recommend a grant to any of over 1.5 million approved, 501(c)(3)-qualified organizations and projects.
As a Donor Advised Fund Sponsor, all contributed funds become the property of GiveClear Foundation.
Is there a minimum balance to get started?
No, there is no minimum balance requirement.
How do I view my DAF clients?
As an advisor, if a new client has been added to the platform you can reach out to care@bluegive.org and we will add you to their DAF account.
Can I change the name of my DAF account?
Please contact your advisor to update the DAF name of your DAF.
How do I change my client's email address associated with their BlueGive account?
Advisor's can use the Manage Clients Dashboard to Edit client details, including name, email, and DAF Fund Name.
Does the BlueGive invitation link ever expire?
No, it never expires! To Resend an Invite, go to your Manage Clients dashboard > click the "Resend Invite" link in the Actions column.
Do you have a support phone number I can call when I have questions?
Currently, we handle all inquiries via the chat feature or through the dedicated BlueGive support email at care@bluegive.org.
How do I update my user login email?
To update your login email, please reach out to your advisor who can update your email through their advisor dashboard.
If you are an advisor who needs to update their email, please contact care@bluegive.org.
How do I reset my client's password?
To reset your client's password, navigate to the BlueGive login landing page at https://bluegive.org/auth > click "Need Help Signing In" > Forgot password. From there, enter your client's email address and send a password reset email. Make sure the donor checks their spam folder.
Can I add my spouse, friend, or child to the account?
Yes! As long as they are over the age of 18, you can invite them as a family member to create their BlueGive account. You can then allocate funds to their account and they can start giving.
Why is my giving balance $0 as a family member?
The ability to initiate issue grants depends on the role assigned to the family member. There are two roles:
Family Member: They can only view and give away the dollars allocated to them by the head of household. They can't initiate grants from the overall account balance.
Head of Household: They have full access, including the ability to initiate grants from the entire account balance.
If you want your spouse to have the same access as you, including the ability to issue grants, you need to assign them the "head of household" role. You can do this during the invite process or update an existing family member's role later.
Can I limit the email notifications I’ll receive on my account activity?
Yes. Click on your profile icon in the bottom left corner of the platform > Notifications > toggle on / off your communication preferences regarding the progress of any grants or contributions.
Tax Receipts & Documents
Are clients notified that their tax receipt can be downloaded?
No, we do not send notifications when the tax receipt is ready to download. Users can find their tax receipt on the platform by clicking on your profile icon in the bottom left corner of the platform > Tax Receipts to generate a Tax Receipt.
Will the tax receipt show the date we entered the details?
The tax receipt will show the date we received the contribution, not the date the details were entered into the platform.
Can I get physical copies of tax receipts mailed to me?
Paper receipts are not provided for BlueGive accounts. However, you can download tax receipts for all your charitable contributions. Just go to the Tax Receipts section of the Account Profile to get started.
What should I do if I think my tax receipt is incorrect?
It may take up to five business days for a recent contribution to be reflected in the account tax receipt. If after 5 days it still looks incorrect, then please reach out to care@bluegive.org and they can assist you.
When will my Account Statement be ready?
Account Statements are generated each quarter and available in the Statements section of your Account Profile.
Why do multiple names for the same person appear in the Tax Receipt dropdown?
If names aren't entered consistently (i.e. multiple variations of the same name were used for the contributions), our system treats it as different people. Please ensure the same name is used for consistency purposes.
Investments & Fund Growth
Can I choose how my DAF assets are invested?
To change your investment allocation for your DAF funds, you will have to reach out to your advisor as this can only be done at the advisor level.
Through a conversation with the client, advisors can either invest their client's DAF assets into BlueGive pooled funds, comprised of the BlueTrust Strategic Stock and Strategic Bond funds, or set up an Advisor Managed Account (AMA) for management of investments off platform.
Does the "cash" in my DAF sit in a money market or cash USD?
The funds that are not allocated towards the Strategic Stock or Strategic Bond funds sit in a cash pool, which is targeted to be 90% SGOV and 10% USD.
For example, let's say I have a $1M DAF and I have $800K in the 60/40 model and $200K in "cash". $180K of the cash would earn interest from SGOV while $20k would not earn any interest and remain in USD.
If we were using a 60%/40% Strategic Stock/Bond blended model in an Advisor Managed Accounts, how would that differ from using the 60/40 Strategic Stock/Bond commingled pool and not utilizing a Advisor Managed Accounts?
Assuming the two stated models are referring to the ones provided via the BlueTrust investment team, the underlying investments would not differ.
How often are the pooled funds rebalanced to track the investment allocation?
Rebalancing occurs on a quarterly basis.
How often can I change my DAF investment allocations?
You may update your investment allocation at any time, however, it is important to note that the underlying securities need to be actively traded when updating your investment allocation. Therefore, it is not recommended to change your investment allocation more than once in a 7-day window.
What happens if my DAF investments lose value?
Like any investment, DAF assets are subject to market fluctuations, and losses may reduce the amount available for granting.
Are investment returns in my DAF subject to taxes?
No, all investment growth within a DAF is tax-free, maximizing the potential for charitable giving.
Where can I see interest earned on DAF assets and how frequently is that posted?
To see your account activity, including interest earned, you can access your account statements under Statements in your Account Profile. These statements provide an overview of your charitable giving activity, including account balances, contributions, grants, fees, and investment performance.
Is it possible to make a private investment within my BlueGive DAF or an investment into a credit fund?
Yes, we do allow private investments to be held inside the DAF. So far, we have the following approved:
Blue Owl Credit Income Corp. (OCIC)
Carlyle Tactical Credit (CTAC) - I Share and N Share
Blue Owl Real Estate Net Lease Trust (ORENT)
Partners Group Private Equity Master Fund
AMG Pantheon Fund
iDirect Private Markets Fund (iDPE)
Blackstone Real Estate Investment Trust (BREIT)
Eagle Freedom Fund
Creation Impact Credit Fund II
DLP Lending Fund
Please reach out to care@bluegive.org if you are looking for additional funds not shown on the list provided.
When investing a BlueGive Advisor Managed Accounts into alternative investments, does BlueGive sign those or does the client sign those?
GiveClear signs the subscription documents for the fund, as GiveClear is the investment of record. Any required signatures from the investor would be made by GiveClear.
Fees & Costs
What are the admin fees for my DAF?
All account balances under $1,000,000 incur an admin fee of 60 bps (0.60%).
All account balances between $1,000,000 and $2,500,000 incur an admin fee of 20 bps (0.20%).
All account balances over $2,500,000 incur an admin fee of 10 bps (0.10%).
BlueGive does not charge account minimum fees
How are the admin fees calculated and billed?
Admin fees are calculated daily and billed monthly. The fee is assessed daily as 1/365th and totaled at the end of the month.
Where can I find the sub-advisory fee associated with my donor advised fund?
You can find the sub-advisory fee for a specific client DAF by going to Manage Clients and clicking Edit client details. Here you can set or update the Sub-advisory fee for that client.
Are there additional costs for managing investments within my DAF?
There are no additional investment management fees beyond the administrative fee. Advisors do have the option of charging a sub-advisory fee on DAF assets for DAFs invested in Pooled Funds while advisors may charge an investment management fee on AMAs outside of the platform.
Does my BlueGive or GiveClear charge transaction fees for grants?
No, there are no transaction fees associated with grants.
Where do I add my advisory fees and where the fees get paid to?
There are two options for adding sub advisory fees to a client’s DAF account:
You may set a sub-advisory fee between (0-100bps) during the the client invitation process.
Edit or Adjust the sub-advisory fee after the client has onboarded by clicking the Edit link next to the client DAF on your Manage Clients dashboard.
Successors, Beneficiaries & Legacy Planning
What happens to my DAF after I pass away?
GiveClear will distribute DAF assets according to your Succession Plan, either to named Successors or Charitable beneficiaries.
How can I add a succession plan to a BlueGive by Blue Trust account?
You can create a succession plan by naming a successor advisor, a charitable beneficiary, or a combination of both under Succession Plan within the Personal Info section of your Account Profile.
A successor advisor takes on the role of donor upon the death, resignation, or disqualification of the original donor. In this capacity, they have the ability to recommend grants and investment allocations, as well as name and remove a future successor advisor.
A charitable organization can be named as the beneficiary if the original donor prefers to have all or a percentage of the remaining account assets granted to a charitable organization upon their death, resignation or disqualification.
To add a successor or beneficiary:Navigate to the Account Profile icon in the bottom left > Personal Info > Succession Plan.
Click "Add a Beneficiary" to select a Successor or Beneficiary.
Can I designate multiple successors to my DAF?
Yes, TIFIN Give allows clients to name multiple successors, each receiving a portion of the DAF balance to continue giving. The total allocation cannot exceed 100%.
Can I leave my DAF balance to multiple charities instead of successors?
Yes, you can designate one or more charities to receive the remaining balance upon your passing.
Can I name a non-US resident as a successor of a DAF?
No, the successor must meet the same requirements/terms as the original donor of the DAF-which includes being a US resident.
Can I add my BlueGive DAF to an estate or will?
Yes, to add a BlueGive DAF to your estate or will, the funds should be granted to:
GiveClear™ Foundation (Tax ID 81-3222963)
For Further Credit to BlueGive by Blue Trust, {Insert DAF Name} {insert DAF Fund ID}
My client listed their DAF in their estate documents as "BlueGive" as a remainder of their trust. Is this acceptable, or will they need to put the full DAF name?
To name your BlueGive DAF in any estate documents, please use the full BlueGive DAF name and the DAF Account Number held at the BlueGive DAF sponsor, GiveClear Foundation to avoid any confusion.
For example: "Louise Family DAF at the GiveClear Foundation. Fund Number: 7428cab137bd".
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 Recent Transactions page.
Can I allocate a dollar amount instead of a percentage for my succession plan?
No, unfortunately we don’t currently support allocating a specific dollar amount.
It's more ideal to use a percentage of the DAF, as the available balance may change over time. If we set a dollar amount and the DAF balance is lower than that amount, it could cause issues. Using a percentage ensures the succession plan is more adaptable to any fluctuations in the balance.
Can I set up a contingent Successor?
Yes, when adding a Successor, toggle on the "Contingent Successor" flag. Please also email to care@bluegive.org letting them know the contingency plan for your donor advised fund.
In your email, please include the DAF name, the name(s) of the contingent successor(s), their email addresses, and the percentage for each (if there are multiple).