Donor Advised Funds

A Donor Advised Fund (DAF) is a simple, efficient way to manage your charitable giving.

It allows you to combine the most favorable tax benefits with the flexibility to support your favorite charities, such as the UND Alumni Association & Foundation, at your convenience.

Giving from a Donor Advised Fund

An external DAF gives you the flexibility to recommend how much and how often money is granted to the University of North Dakota Foundation for the benefit of UND or other qualified charities. You can recommend a grant or recurring grants to make an immediate impact. You can also name the UND Foundation as a full or percentage remainder beneficiary of your DAF. 

If you already have a Donor Advised Fund, the UND Foundation is a qualified 501(c)(3) organization and may receive grant distributions from your account. Here is the UND Foundation’s Federal Tax ID if you choose to make an annual or recurring grant distribution to UND: #45-0348296. Please contact us and let us know where you would like your gift to be used.

• Legal Name: University of North Dakota Foundation
• Address: 3501 University Ave Stop 8157, Grand Forks, ND 58202

You can also create a lasting legacy by naming the UND Foundation as the remainder beneficiary of the entire account or a percentage of the fund. Contact your fund administrator for a beneficiary form and include the above information.

Creating a DAF

Setting up a DAF through the UND Foundation makes it easy to be an active participant in your philanthropic mission and decision-making while also supporting the University of North Dakota. Grow your gift, receive a tax deduction and advise the Foundation which charities you’d like to support. You may involve family or friends to serve as your advisory committee. The UND Foundation reviews your recommendations to ensure your charities are eligible to receive DAF funds, then distributes the grants accordingly.

Advantages of a DAF

A donor advised fund helps you and your family build a charitable legacy while offering:

• An immediate tax deduction.
• No federal excise tax.
• No required annual tax reporting.
• One simple form for recommending charities to receive grants from the UND Foundation.
• UND Foundation professionals who handle all DAF fund maintenance and distribution as well as investment management and administration.

A DAF typically ends 10 years after the donor’s passing OR the passing of the last surviving member of the DAF advisory committee. However, many term options are available. Please contact us to learn more about DAF options. 

This information is provided as an educational service to our donors and is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. State law may further impact your individual results.