There are more developments in the world of donor-advised funds in the US.

Fiduciary Trust Charitable has launched a new donor-advised fund offering, adding to the DAF space that has become a commonly-used philanthropic channel in recent years. The organization also intends to extend its DAF offering to other public charities next year. 

The program is designed to marry up the tax efficiency, grant flexibility and cost savings of DAFs with the personal service, philanthropic guidance and tailored investment approach of a financial advisor, Fiduciary Trust Charitable said. 

Donors can choose Fiduciary Trust Company as the investment advisor, or designate another financial advisor that has been approved by Fiduciary Trust Charitable. (Fiduciary Trust Company is the administrative services provider for all Fiduciary Trust Charitable donor-advised fund accounts.)

“High-net-worth donors can partner with their existing financial advisors and receive personal service, advice and a tailored investment program for the donor-advised funds they establish,” Todd H Eckler, executive director of Fiduciary Trust Charitable, said in a statement. 

The DAF model has become an important philanthropy-giving channel in recent years. To see an article exploring its features, see here. 

In extending its DAF offerings to other public charities, FTC said its program will enable educational, community service and other IRS-qualified charitable organizations to establish private-label donor-advised fund programs for their donors.

Fiduciary Trust Charitable was created as an independent, 501(c)(3) public charity in 1990.

For another article about donor-advised funds, see here.