Opening an account is simple. Clients make an irrevocable donation of personal assets (cash or securities) to Renaissance Charitable Foundation, Inc. (RCF)2.
- Minimum initial donation = $5,000
- Subsequent minimum donation = $1,000.
Make an Impact, Build a Legacy, Get a Tax Deduction.
The Franklin Templeton Donor-Advised Fund1 provides a simple and flexible way to give to your favorite charities. It is dedicated to helping individuals effectively reach their philanthropic goals while maximizing the impact of their gifts. Since 2005, The Franklin Templeton Charitable Giving Program has been serviced by Renaissance Charitable Foundation Inc. (RCF)2—an industry leader helping clients achieve philanthropic goals.
The Franklin Templeton Charitable Giving Program is a simple alternative to creating a private foundation, giving you the opportunity to make charitable contributions that are immediately deductible, and that can be invested and grow tax-free. When ready, you can make grant recommendations to charities or causes that are important to you. Families can even establish multi-generational charitable giving.
Give
Get
In addition to the satisfaction that giving to a charity can bring, donations to the program are fully tax-deductible in the year they’re made. When appreciated assets are donated, you can generally deduct their full fair market value from your taxable income—and avoid U.S. federal capital gains tax liability.
Grow
Each donation can continue to grow tax-free until ready to make grant recommendations to your chosen charities.
Grant
Clients can recommend grants to qualified charities and nonprofit organizations recognized by the IRS as able to receive tax-deductible contributions.
- Submit an online grant recommendation ($50 minimum)
- RCF reviews grant recommendations
- Once approved, RCF sends the grant to the charity.
Resources
Donor Circular and Forms
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Donor Advised Fund Tax Advantages
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Next Steps
For further information, please contact your financial professional or Renaissance Charitable Foundation at (800) 843-7997.
If you have an existing account, please visit ft.donorfirstx.com to login for more details.