Goldman Sachs provides donor-advised funds (DAFs) by means of its personal wealth administration division. Charges for these philanthropic accounts sometimes contain an annual administrative charge primarily based on a share of the property beneath administration. This share can fluctuate primarily based on the scale of the fund, with bigger funds usually benefiting from decrease charges. Along with the executive charge, there may be funding administration charges relying on the chosen funding technique. Potential donors ought to seek the advice of immediately with Goldman Sachs for particular charge schedules and funding choices.
Donor-advised funds present a versatile and tax-advantaged approach to handle charitable giving. Contributions are tax-deductible within the 12 months they’re made, and the funds can develop tax-free. Donors can then advocate grants to eligible charities over time, permitting for strategic philanthropy. The construction of DAFs permits donors to consolidate their giving, simplify record-keeping, and doubtlessly amplify their philanthropic affect. Using DAFs has grown considerably in current many years as a well-liked automobile for charitable giving.
