Donor-Advised Fund

The Bank of America Charitable Gift Fund offers a sophisticated and dynamic way to give to the causes that mean the most to you.

Our Approach

Since 1955, The Bank of America Charitable Gift Fund has been helping donors give money to favorite charities in an organized, tax-efficient and worry-free way. You can depend on us to help you pursue your philanthropic goals while you support important causes.

A donor-advised fund allows you to streamline your charitable giving. Your fund will be invested with the potential to grow over time. Our online portal allows you to make grant recommendations to the charities of your choice, track your giving, make new contributions, select an investment designation and access statements.

Bank of America Charitable Gift Fund benefits:

  • Receive a current-year income tax deduction for any assets you contribute to your fund
  • Donate appreciated assets without incurring capital gains taxes
  • Make grant recommendations now or in the future
  • Involve your family and build a tradition of family charitable giving
  • Choose from multiple investment objectives
  • Manage your charitable giving via our online portal or with your financial advisor

Services

Access and manage your gift fund account using our flexible, secure portal

  • Review your fund balance and transactions
  • Research grantees using the Guidestar® database of 1.8 million IRS–recognized charitable organizations
  • Recommend grants
  • Download useful forms

Open your account

  • Make an irrevocable, tax-deductible contribution to your donor-advised fund
  • Initial contribution minimum is $25,000. Additional contributions must be $250 or more
  • You can contribute a wide variety of assets including cash, mutual funds and securities

Choose how your funds are invested

  • The Gift Fund offers 8 Investment Objectives, a money market fund and 7 strategic asset allocation models ranging from conservative to more purely growth oriented strategy. Under each asset allocation model, we offer both a combined mutual fund and ETF layer portfolio (Hybrid) and an All-ETF portfolio (passive) option

Make grant recommendations to benefit charities that are important to you.

  • You decide when to make grant recommendations and how much to grant to the charities of your choice
  • Streamlined grant recommendations through our secure portal including setting up recurring grants
  • Receive recognition for your donations or maintain anonymity to protect your privacy
  • Authorize an unlimited number of individuals to serve as co-advisors to your Fund

A private wealth advisor can help you learn more.

Contact us at 888-703-2345 or email us.

Find an advisor

Related Capabilities

Latest Thinking

Impact investments at Merrill Lynch undergo the same rigorous due diligence process as traditional strategies that we offer. As a second step, our CIO Due Diligence team analyzes impact strategies for intentionality to ensure that their stated impact resonates throughout the strategy.

All of this feeds into our goals-based wealth management process, so clients can work with their private wealth advisor to help ensure that their investment decisions are helping them pursue their goals.

Impact investing and/or Environmental Social Governance (ESG) investing has certain risks based on the fact that ESG criteria excludes securities of certain issuers for non-financial reasons and therefore, investors may forgo some market opportunities and the universe of investments available will be smaller.

 

Investing involves risk. There is always the potential of losing money when you invest in securities.

Asset allocation, diversification and rebalancing do not ensure a profit or protect against loss in declining markets.

Merrill, its affiliates, and financial advisors do not provide legal, tax or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.

Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.”).  MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp.

Merrill Private Wealth Management is a division of MLPF&S that offers a broad array of personalized wealth management products and services. Both brokerage and investment advisory services (including financial planning) are offered by the Private Wealth Advisors through MLPF&S. The nature and degree of advice and assistance provided, the fees charged, and client rights and Merrill’s obligations will differ among these services. Investments involve risk, including the possible loss of principal investment.

The banking, credit and trust services sold by Private Wealth Advisors are offered by licensed banks and trust companies, including Bank of America, N.A., Member FDIC, and other affiliated banks.

Insurance and annuity products are offered through Merrill Lynch Life Agency Inc., a licensed insurance agency and wholly owned subsidiary of Bank of America Corporation.

Investment products, insurance and annuity products:

Are Not FDIC Insured
Are Not Bank Guaranteed
May Lose Value
Are Not Deposits
Are Not Insured by Any Federal Government Agency
Are Not a Condition to Any Banking Service or Activity

© Bank of America Corporation. All rights reserved.

ARXVTMVM-EXP-2019-10-22

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