According to Fidelity Charitable, most donor-advised fund account holders included or will include a bequest in their estate plans.
You might not think that matters much when you consider the fact that Fidelity says their median donor-advised fund account only holds $16,097 and 60% of their accounts hold less than $25,000. But, on the flip-side, they say 5,500 of their accounts hold more than $250,000.
Add to that the fact that the average donor-advised fund for Single-Issue charities holds $230,375. Community Foundation DAF’s average $420,155 and DAF’s at National Charities average $230,375. So, you might begin to wonder what you can do to get more legacy gifts from those accounts.
Just keep in mind that those averages might be warped a bit by some very large accounts. I couldn’t find stats on the medians for those sponsor types.
So what’s the number one reason why you aren’t getting your share of the pie? Because you aren’t promoting the fact that you accept gifts from donor-advised funds.
It’s really pretty simple. If you want to get more gifts from these funds, you have to let your supporters know that this is an option for them. You need to make it easy and convenient for them. You need to be available to answer questions for them.
If you aren’t willing to do this, you won’t get the gifts. Period.
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