Goldman Sachs gives donor-advised funds (DAFs) by means of its personal wealth administration division. Charges for these philanthropic accounts usually contain an annual administrative price based mostly on a proportion of the property below administration. This proportion can differ based mostly on the scale of the fund, with bigger funds usually benefiting from decrease charges. Along with the executive price, there might also be funding administration charges relying on the chosen funding technique. Potential donors ought to seek the advice of immediately with Goldman Sachs for particular price schedules and funding choices.
Donor-advised funds present a versatile and tax-advantaged technique to handle charitable giving. Contributions are tax-deductible within the yr 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 probably amplify their philanthropic affect. The usage of DAFs has grown considerably in latest a long time as a well-liked automobile for charitable giving.