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 contribute money to their favorite charities in an organized, tax-efficient, streamlined 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 easily make new contributions, select investment objectives, make grant recommendations to the charities of your choice, track your giving, and access statements and tax documentation.

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

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, securities, and non-publically traded assets (i.e. private stock, restricted stock, real estate)

Choose how your funds are invested

  • The Gift Fund offers 15 distinct investment options representing a range of strategic asset allocation models from fixed income to appreciation. For each allocation model, donors may choose either sustainable, actively-managed portfolios, or passive, all ETF (exchange-traded fund), portfolios.

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

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
  • Access all account documents
  • Download useful forms

A private wealth advisor can help you learn more.

Contact us at 888.703.3436 or email us.

Find an advisor

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Frequently asked questions

 

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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, Member SIPC, and a wholly-owned subsidiary of BofA Corp.

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.

This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. Additional information is available in our Client Relationship Summary. This material does not take into account a client’s particular investment objectives, financial situations, or needs and is not intended as a recommendation, offer, or solicitation for the purchase or sale of any security or investment strategy. Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. There are important differences between brokerage and investment advisory services, including the type of advice and assistance provided, the fees charged, and the rights and obligations of the parties. It is important to understand the differences, particularly when determining which service or services to select. [For more information about these services and their differences, speak with your Merrill Advisor.

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 the Private Wealth Advisors are offered by licensed banks and trust companies, including Bank of America, N.A., Member FDIC, and other affiliated banks.

Trust, fiduciary and investment management services are provided by Bank of America, N.A. and its agents, Member FDIC, or U.S. Trust Company of Delaware. Both are wholly-owned subsidiaries of Bank of America Corporation.

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, 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

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