How to Enter Donor-Advised Funds

NOTE: It is important to remember that all donors who contribute to DAFs, have already received a tax deduction for their contribution to the fund.

1. If you do not already have a Contact record for the Donor-Advised Fund, you will need to create this record. The Donor-Advised Fund is the donor. The administrators of the fund can also be named on the account.

Example:

2. Add the donation as a Gift in their record.

USER TIP:• If you are given the name of the individual donor associated with this gift, you may want to enter the donor’s name in the ‘Reference’ field.• You can additionally use the ‘Gift Source’ field to track this donation as a DAF.

3. When you are done inputting the gift data, press the ‘Save’ button on the top right.

4. Again, if you know the individual name of the donor, it is recommended to ‘Soft Credit’ the donor who contributed to the DAF. (You may want to lookup “soft credit” in the glossary.) Press the ‘Add Soft Credit’ Link.

5. It will prompt you to confirm that you want to add a soft credit, say ‘OK’.

6. You will then see a screen like below. Select the Contact you want to soft credit. The soft credit amount, date and reference will be pulled from the original gift, which you may change as needed. We recommend changing the reference field to something like ‘Fidelity DAF Donation’. When you are done, press ‘Save’ on the top right of that page.

7. It is perfectly acceptable and encouraged to send a thank you note to the donor, acknowledging their recommendation of funds being donated to your organization. NOTE: This is NOT a tax receipt to the donor. They have already received their tax deduction when their money was transferred into the DAF. You can also send a thank you to the administrator of the Donor-Advised Fund. This will help build a relationship between your nonprofit and the fund, with the hope of receiving future donations.