Donor-Advised Fund (DAF) Policy
The Donor-Advised Fund (DAF) program offered by CHARITABLE FOUNDATION "FAITH-HOPE-LOVE" is governed by the following policies to ensure transparency, compliance, and the effective use of charitable resources.
1. Fund Establishment
A Donor-Advised Fund (DAF) is a separately identified fund maintained and administered by CHARITABLE FOUNDATION "FAITH-HOPE-LOVE", a registered nonprofit organization.
Each DAF is established with a contribution made by the donor and is subject to the approval of the Foundation.
2. Contributions
Contributions to a DAF are irrevocable and become the property of CHARITABLE FOUNDATION "FAITH-HOPE-LOVE" upon acceptance.
Accepted contributions include, but are not limited to, cash, publicly traded securities, real estate, and other non-cash assets (subject to review).
Contributions are eligible for tax deductions in accordance with applicable laws.
3. Investment of Funds
Assets contributed to the DAF may be invested to grow tax-free, with investment options provided by the Foundation.
The Foundation retains full ownership and control of all DAF assets, including investment decisions.
4. Grant Recommendations
Donors may recommend grants to TAX Ukraine organizations or their international equivalents.
All grant recommendations are subject to review and approval by the Foundation to ensure compliance with legal and charitable guidelines.
Grants cannot be used to fulfill pledges, purchase goods or services, or support political campaigns or lobbying efforts.
5. Administrative Fees
Administrative fees may apply to DAF accounts to support the operational and management costs of the program. Fee schedules will be disclosed upon fund establishment.
6. Privacy and Confidentiality
The Foundation respects donor privacy and provides options for anonymous giving.
Donor information is managed in accordance with the Foundation’s Privacy Policy.
7. Succession and Legacy Planning
Donors may designate successors to manage the fund or allocate remaining assets to specific charities after their lifetime.
In the absence of successor recommendations, the Foundation will direct the remaining assets to charitable purposes aligned with its mission.
8. Compliance and Reporting
The Foundation complies with all TAX Ukraine regulations and other applicable laws governing charitable organizations and donor-advised funds.
Donors receive regular account statements summarizing contributions, grants, and fund activity.
9. Amendments to Policy
The Foundation reserves the right to amend or modify this policy as needed to comply with legal requirements and ensure effective management of the DAF program.