A Donor-Advised Fund is a superlative way for individuals to manage their charitable giving. DAFs are flexible, straightforward, and provide an immediate tax benefit. Fund advisors can recommend grants to any qualified, tax-exempt charitable organization in the United States, while not being burdened with administrative details.

Brown Brothers Harriman is pleased to offer the BBH Donor-Advised Fund Program, which allows our clients to have BBH manage their charitable funds while taking full advantage of this philanthropic vehicle.

Specific advantages of a Donor Advised Fund
Highlights of BBH’s DAF program
DAF case studies
Profiles of our Community Foundation Partners
BBH DAF Program Brochure (PDF Format)

BBH has partnered with some of America’s preeminent community foundations, each of them experts in philanthropic services as well as the issues and opportunities unique to their local communities. They are:

• California Community Foundation
• The New York Community Trust
• Foundation For The Carolinas
• Community Foundation for Palm Beach and Martin Counties
• The Chicago Community Trust and Affiliates
• The Philadelphia Foundation
• The Dallas Foundation

• A DAF offers similar benefits of a private foundation—achieving charitable goals, reducing taxes, estate planning—but with lower costs, fewer administrative responsibilities, higher income tax deduction limitations, no excise taxes, and less restrictive annual minimum grant requirements.
• It permits donors to plan their gifts so as to obtain an income tax deduction in the year desired, while postponing the distribution of charitable grants to worthwhile causes to be determined at a time of their choosing.
• It also allows one generation to create the charitable resources to share or introduce the next generation (Successor Donor Advisors) to philanthropy.
• Tax Deductibility
• Maximum charitable and tax advantages allowed under federal law.
• Avoids limitations on deductibility of gifts to private foundations.
• Value of DAF excluded from donor’s taxable estate.
  
  
• Required Charitable Distributions
• As compared to a private foundation, a DAF is not required to make specific schedule.
• May function as a vehicle for private foundation conversion: where an desired, a DAF can be the recipient of private foundation assets.

• BBH centrally manages the investment of the Donor Advised Fund assets pursuant to a common community foundation Investment Policy Statement.
• Community foundations provide comprehensive administrative support, including online access to your fund.
• Access to personalized grant-making services, site visits to local nonprofits, and premier philanthropic social events.
• Grants are made in the name of the DAF and attributed to the donor advisor.
• Donor may remain anonymous if desired.
• Donor may easily make additional gifts to DAF. The BBH Donor-Advised Fund Program

About Brown Brothers Harriman & BBH Trust Companies
Brown Brothers Harriman and its affiliated Trust Companies provide our clients with sophisticated investment management, trust and estate administration capabilities and customized advice, service, and fiduciary expertise. We supervise over $25 billion* of personal and institutional assets, and design and implement individualized estate, investment, financial, and tax planning solutions tailored to suit our clients’ unique needs.

*As of September 30, 2005

About Our Community Foundation Partners
Founded in 1915, the California Community Foundation’s mission is to strengthen Los Angeles communities through effective philanthropy and civic engagement. The foundation currently administers more than 1,300 charitable funds with collective assets exceeding $750 million.

Headquartered in Charlotte, North Carolina, Foundation For The Carolinas supports 13 counties in the Charlotte region. The Foundation is one of the largest community foundations in the south and among the top 30 in America with more than $430 million in assets. The Foundation manages more than 1,500 charitable funds and eight supporting foundations.

The Chicago Community Trust and Affiliates form the Chicago region’s community foundation, dedicated to helping local residents manage their charitable giving. Celebrating its 90th anniversary in 2005, the Trust is a union of numerous gifts, bequests, and other contributions totaling more than $1.4 billion. Income from these assets provides more than $82 million annually in grants to agencies that improve the lives of the residents of our region.

Established in 1929, the Dallas Foundation is the oldest community foundation in Texas. The Foundation offers a range of ways for local philanthropists to assist the community and other causes they care about, including the arts, education health, and social services. Grants extend statewide, nationally, and internationally.

Since 1924, the New York Community Trust, through its donors, has built a permanent endowment to support the nonprofit organizations that make New York a vital and secure place in which to live and work, and has made it easy for New Yorkers to be philanthropists. Its expert staff oversees thousands of charitable funds set up by individuals, families, and businesses.

The Community Foundation for Palm Beach and Martin Counties is our areas’ trust fund supported by a broad spectrum of individuals, families, corporations, and private foundations. The Community Foundation is a vehicle that supports new and existing programs of local nonprofit organizations in addition to its own community- focused programs.

As the community foundation serving all of Southeastern Pennsylvania since 1918, the Philadelphia Foundation is the Delaware Valley’s primary provider of philanthropic services. The Foundation, a public charity, connects people who care with causes that matter by administering more than 675 charitable trusts and endowments.

For more information, contact:
William R. Levy
Director of Philanthropic & Endowment Services
Brown Brothers Harriman Trust Company, N.A.
215.587.6311
bill.levy@bbh.com