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Thank you for setting up a donor-advised fund. Creative Planning clients are served by Greater Horizons, a 501(c)(3) public charity.
Thank you for setting up a donor-advised fund. Your fund will be administered by Greater Horizons, a 501(c)(3) public charity.
If you are providing assistance to your client(s) and setting up a fund on their behalf, please download and complete our Donor-Advised Fund Agreement PDF and do not fill out the online form.
Maximum number of fund advisors reached.
Maximum number of successor advisors reached.
Option 1: The assets in the Fund will be invested in the Community Foundation’s Investment Pools.
Option 2: The assets in the Fund will be invested in the Community Foundation’s Investment Pools with an emphasis on ESG factors.
Option 3: The assets in the Fund will be invested separately in a financial advisor managed account on your advisor’s platform.
[will eventually delete:] The financial advisor named in Section 5 will make investment selections for your Fund on your behalf. This option is available for funds with assets of $100,000 or more. The Community Foundation will contact your financial advisor to set up the investment account when you are ready to use the Fund. A Fund advisor or family member may not be named as the Fund’s financial advisor.
The assets in the Fund will be invested in Greater Horizons’ Investment Pools. Please select one mix from the mix options, or create your own mix.
The assets in the Fund will be invested in Greater Horizons’ Investment Pools with an emphasis on environmental, social and governance (ESG) factors.
The assets in the Fund will be invested separately in a financial advisor managed account on your advisor’s platform. Your financial advisor named in Section 5 will make investment selections for your Fund on your behalf.
This option is available for funds with assets of $100,000 or more.
The assets in the Fund will be invested separately in a financial advisor managed account on your Creative Planning advisor’s platform. Your Creative Planning financial advisor named in Section 5 will make investment selections for your Fund on your behalf. Creative Planning can set up the Fund’s investment account at TD Ameritrade, Charles Schwab or Fidelity.
This option is available for funds with assets of $50,000 or more.
If you wish, you can give us the name of your accountant, attorney or another professional advisor. These are professional advisors with whom Greater Horizons may share information about your Fund.
Please contact us at info@greaterhorizons.org to discuss the real estate donation process.
Please contact us at info@greaterhorizons.org to discuss the private business interest donation process.
You will need to contact your financial advisor or financial institution to initiate transfers to the Fund.
The Founder(s) establish this Fund with Greater Horizons.
The current Fund Advisor(s) may make recommendations for grants (from income and principal), investments, and other administrative matters unless otherwise noted herein. If two or more are named, any may act alone. Upon the death, resignation or incapacity to serve of the Fund Advisor (or the surviving Fund Advisor if two or more individuals have been named), the Successor Advisor(s) will then advise the Fund. If two or more persons are eligible to be successors, then a recommendation by a majority of such persons shall constitute an effective recommendation for consideration by Greater Horizons unless otherwise noted herein.
If the persons named in this document or after the date of this document are not available to advise and consult with Greater Horizons due to death, resignation or incapacity to serve, Greater Horizons shall use the principal and income from the Fund for charitable purposes.
For assets in a financial advisor managed account: The assets in the Fund will be managed directly by the named financial advisor on a discretionary basis, until such time that Greater Horizons or the Fund Advisor(s) exercise(s) the option to make a different selection for management of this Fund. The named financial advisor will manage the assets of this Fund in accordance with the Fund advisor(s)’ charitable objectives and the most current financial policies and standards of Greater Horizons, which can be found at greaterhorizons.org/fap-guidelines. Greater Horizons will regularly review the financial performance of this Fund.
For assets in Greater Horizons’ Investment Pools: Allocations are rebalanced to targets once a month. In the interim, cash coming into the Fund will be held in the Money Market Pool. The responsibility for managing the Greater Horizons’ investment program is vested in the Greater Horizons Board of Directors through its Investment Committee. The percentages in the mix options may change from time to time upon Investment Committee review. For additional details regarding investment mixes and pools, refer to greaterhorizons.org/investing to view the Investment Performance Summary and the Supplemental Report.
As required by IRS regulations:
a) the investment recommendation is advisory only and Greater Horizons may, at its sole and absolute discretion, follow or decline to follow the recommendation;
b) Greater Horizons may at any time, at its sole and absolute discretion, change the investment of all or any portion of the assets in the Fund;
c) if the investment recommendation is accepted, the investments will be administered in accordance with the financial policies and fiduciary standards of Greater Horizons; and
d) investments are subject to normal market and interest rate fluctuation risks, and any gain or loss generated by the above investments will be credited or charged to the Fund.
Greater Horizons’ administrative fee schedule is shown in Section 11. The fee schedule is subject to modification and may be increased or decreased at the sole discretion of Greater Horizons.
The Donor-Advised Fund Policies are shown in Section 12; signing below indicates acceptance of these policies. The Donor-Advised Fund Policies are subject to change. Greater Horizons reserves the right to make the final decision regarding distributions from the Fund.
By typing your name(s) in the field(s) below, you certify the above information to be true and correct, confirm that you have the authority to sign this form, and agree that this is valid as your signature.
This administrative fee schedule applies to funds at Greater Horizons.
Administrative fees are used exclusively to support our mission-based operations. These fees are your investment in a 501(c)(3) public charity dedicated to increasing charitable giving, educating and connecting donors to community needs they care about, and leading on critical community issues.
The administrative fee structure illustrates the annual cost for a fund. These fees are assessed to the Fund on a monthly basis. (The monthly fee equals one-twelfth of the annual fee, based on the average fair market value of Fund assets for the month. If there are no assets in the Fund for the entire month, there is no fee.) For newly established funds, the annual fee is prorated over the remainder of the year.
This administrative fee schedule applies to Creative Planning funds at Greater Horizons.
Greater Horizons’ administrative fees do not include Creative Planning‘s management fees.
Special Discounted Fee Schedule
Funds will be charged for direct expenses incurred by Greater Horizons on behalf of a specific fund, such as commissions for the sale of contributed stock or legal fees. Greater Horizons may request additional fees for extraordinary services such as special grant processing and review (which may apply pursuant to a contract with Greater Horizons or after the death of the founder(s) of the Fund if no advisors are serving) or other non-standard services.
For funds receiving a bequest that will be fully disbursed to one or more charities upon receipt, Greater Horizons will assess a one-time 3% fee on such bequest.
Contributions to Donor-Advised Funds Contributions to donor-advised funds at Greater Horizons are gifts to a public charity and eligible for the maximum tax deduction allowed by law. Greater Horizons accepts gifts of cash, publicly traded securities, private business interests (closely held stock, limited liability company interests, limited partnership interests), and real estate. Contributions are subject to the review and approval by Greater Horizons prior to acceptance and are irrevocable once accepted. Greater Horizons does not provide legal, tax or financial advice, so Greater Horizons encourages donors to consult with their own professional advisors prior to making a contribution.
Contributions of Non-Cash AssetsThe general policy of Greater Horizons is to sell all contributed property as soon as practical after receipt to minimize market risk. For non-publicly traded securities or other assets for which no readily liquid market exists, Greater Horizons will exercise discretion as to the timing and price of sales. Any costs incurred by Greater Horizons necessary for the disposition of securities and other assets and for the management of such assets prior to disposition will be an expense of the donor-advised fund. Should sufficient liquidity not be available in the donor-advised fund to cover any expenses, taxes or liabilities due as a result of the fund’s ownership of a non-cash asset, the donor of such asset(s) agrees to contribute additional liquid assets to the donor-advised fund as necessary to fully and timely cover such obligations.
Grants from Donor-Advised FundsThrough a donor-advised fund, Fund Advisors can enjoy supporting any 501(c)(3) public charity in the United States, including governmental, educational and religious institutions. Fund Advisors may suggest grants directly to international organizations for an additional fee that covers the additional due diligence required of international grants. The IRS does not allow Greater Horizons to make distributions to private non-operating foundations, to individuals or to pay fundraising expenses. Rest assured that Greater Horizons will exercise due diligence to make sure grants from donor-advised funds are given to organizations that have met IRS requirements.
Additional information about specific granting guidelines can be found at greaterhorizons.org/grant-guidelines.
Because contributions to donor-advised funds are eligible for a charitable tax deduction, grants subsequently made from donor-advised funds are not tax deductible.
Fund Activity and Fund Statements Greater Horizons is responsible for ensuring donor-advised funds are used for charitable grantmaking and do not confer any private benefit on the donor or any other person. Greater Horizons monitors the use of donor-advised funds to ensure their activity leads to charitable distributions. Greater Horizons does not have a minimum amount for grants or maximum frequency of grants. Fund Advisors can suggest grants in any amount and as often as they like. Greater Horizons periodically checks in on donor-advised funds that are not being used to ensure Greater Horizons understands Fund Advisors’ plans for their funds. Fund statements showing gift, grant and investment activity for a donor-advised fund are available through the online donor portal.
Role of Donor-Advised Fund Advisors and Successor Advisors At any time during a Founder’s lifetime, the Founder(s) may designate one or more adult individuals to be Fund Advisors, as well as Successor Advisors to serve upon the Fund Advisor’s (or the surviving Fund Advisor if two or more have been named) death, resignation or incapacity. Each Fund Advisor may individually make recommendations for grants, investments and other donor-advised fund related matters. Successor Advisors may make recommendations concerning grants and investments for donor-advised funds and must act by majority unless otherwise noted in the fund agreement. If majority action is required and only two Successor Advisors are serving, they must act by unanimous consent. Unless the Founder(s) have specified otherwise, each Successor Advisor may recommend individuals from succeeding generations to act in their place. Greater Horizons is happy to work with generations of Fund Advisors.
Who Can Manage the Investments of a Donor-Advised Fund A Fund Advisor may recommend that a donor-advised fund be invested in Greater Horizons’ investment pools or with the donor’s financial advisor. Financial advisors may manage the investments of a donor-advised fund in a separate account as long as the financial advisor is not (i) the donor, (ii) a Fund Advisor or Successor Advisor, (iii) any family member of a donor/Fund Advisor/Successor Advisor (defined as that person’s spouse, ancestors, children, grandchildren, great-grandchildren, siblings and the spouses of children, grandchildren, great-grandchildren, siblings) and (iv) any entity where more than 35% of the entity is owned/controlled by any of these persons. If Greater Horizons does not receive an investment recommendation for the Fund, assets will be held in the Money Market Pool.
Confidentiality and Privacy PolicyGreater Horizons holds all information concerning our donors and their donor-advised funds in strict confidence. Greater Horizons will only release information about a donor if the donor has given permission, or if a government agency or court has the legal authority to request the information. All personal data collected on this form is subject to Greater Horizons’ privacy policy, which can be found at greaterhorizons.org/privacy-policy.
Bequests and Beneficiary Designations Greater Horizons can carry out donors’ charitable goals beyond their lifetimes. To name a donor-advised fund at Greater Horizons as a beneficiary of a will, trust, life insurance policy or retirement plan account, the following language may be helpful in completing estate planning documents or beneficiary designation forms: After describing what the donor wants to leave to their fund (i.e., a percentage of the estate/trust/account or a specific dollar amount), please note that it will pass “to Greater Horizons (EIN 20-0849590) for the following component fund: [name of the fund].”
Fundraising Greater Horizons cannot sponsor or reimburse expenses for any fundraising activities or any other events intended to benefit any donor-advised fund, and will not be responsible for the collection of any amounts from any benefit, ball, banquet, athletic event or third-party online fundraising page. Greater Horizons will only be responsible for the proper disbursement of funds actually received. Any advertising, promotional or other materials must be consistent with this policy.
Additional information about fundraising can be found at greaterhorizons.org/fundraising-guidelines.
Honoring Donor Intent/Variance Power Greater Horizons carries out a donor’s charitable intent through a donor-advised fund. In rare circumstances, Greater Horizons may determine that the donor’s charitable purposes may have become unnecessary, obsolete, incapable of fulfillment, impractical or inconsistent with the community’s charitable needs. In that case, Greater Horizons may need to exercise its variance power to change the charitable purpose of the fund. In doing so, Greater Horizons will strive to make distributions that are consistent with the donor’s charitable interests.
Additional Detail on These Policies Please see the Procedures for the Establishment and Operation of Funds and relevant sections of the Bylaws of Greater Horizons, available at greaterhorizons.org/procedures.
