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  • 1.  DAF Management

    Posted 12-28-2023 03:52 PM

    Does anyone have a protocol for establishing and managing DAF's in your shop? A donor has requested that we act as a DAF custodian for them (by EOY!) and I'm unsure how much work we'd be getting ourselves into if we agree. Is there any conflict of interest if we both manage the DAF and receive gifts from it? Are there reporting standards to the IRS that we would need to be aware of? I am happy to discuss this directly over email as well: jfancher@sdsu.edu



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    Jayme Fancher
    San Diego State University
    jfancher@sdsu.edu
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  • 2.  RE: DAF Management

    Posted 12-28-2023 04:10 PM
    You must refer this to your CFO. You cannot just snap your fingers and become a DAF. Those require separate registration with the IRS.

    I do not see how this can be accomplished in two days.

    John

    John H. Taylor 
    919.816.5903 (Cell/Text)

    Big Ideas; Small Keyboard



    Original Message


  • 3.  RE: DAF Management

    Posted 12-28-2023 04:19 PM
    Though you can set up and run your own DAF, you can also partner with an existing DAF sponsor, such as a community foundation, or even a commercial sponsor like Morgan Stanley GIFT or PNC to white-label your program. But if it's just one donor, it's not worthwhile. Have them open an account at Daffy for $3/mo.


    Thank you,
    Isaac Shalev
    Data Strategy Expert
    Sage70, Inc.
    (917) 859-0151
    isaac@sage70.com

    Schedule a 30-minute consultation now:




    Original Message


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