Many families find the Giving Fund to be a powerful philanthropic solution and complement to their overall wealth plan. Of the Fund’s available account types, Bessemer’s donor-advised fund account is an increasingly popular choice as a simple, tax-efficient way to give to charity.
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Donor-advised funds are the fastest-growing charitable giving vehicle in the US, and it's easy to see why. They're simple to use, cost-effective, and tax-efficient. You get immediate tax benefits, and then you can take your time deciding which charitable organizations to support. As a Bessemer client, you have access to a donor-advised fund through the Bessemer Giving Fund, a giving vehicle available exclusively to our clients.
Establishing an account can unlock meaningful benefits for you and the causes you support. First, it can create more ways for you to give. You may contribute cash and publicly traded securities. The fund will consider illiquid assets on a case-by-case basis, such as privately held stock.
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Donating appreciated assets that you've held for more than a year could help you avoid paying capital gains tax. Plus, you may receive an immediate income tax deduction as soon as you contribute the assets, not when you make the grant recommendations. In addition, contributions can grow tax-free, creating more to grant over time. This is because the giving fund holds and invests the assets in a diversified, balanced portfolio.
Another benefit of donor-advised funds is anonymity. You can choose whether you'd like to be recognized or remain anonymous. Lastly, establishing an account is easy. It's as simple as a phone call to your advisor.
To learn more about donor-advised funds and the giving fund, please contact your Bessemer advisor. Thank you.
Advance Your Philanthropy
As their giving matures, individuals and families often graduate from direct cash gifts to giving through a donor-advised fund account to maximize charitable impact and integrate philanthropy with broader wealth planning. Establishing a Bessemer donor-advised fund account is simple and unlocks meaningful benefits for you and the causes you support.
- More ways to give. Contribute a wide range of assets, including cash, publicly traded securities, and where eligible, certain types of illiquid assets.
- Grow charitable balances. Contributions are invested for potential tax-free growth, creating more to grant over time.
- Earn tax incentives. You may qualify for an immediate income tax deduction and savings on capital gains tax.
Bringing Families Closer Together
Donor-advised funds can also support your personal and financial objectives.
Build a family tradition of giving
Inspire multiple generations by inviting them to recommend grants through your account.
Create a legacy
Designate successors to your account and structure grants to extend beyond your lifetime.
Balance timeliness with thoughtfulness
Time contributions to maximize tax efficiency without rushing the choice of grant recipients.
Learn more
To learn more about the Bessemer Giving Fund or donor-advised funds, please contact your Bessemer advisor.