Donor & Corporate Advised Grant Recommendation Form

Grants may not result in benefits, goods or services to (a) you or members of your family or businesses you control or (b) any other advisers to the fund or members of their families or businesses they control. Failure to observe this restriction can subject you or other fund advisers to tax penalties. Prohibited benefits include the payment of pledges, event tickets, meals, sponsorship, registration fees, discounted merchandise, preferred parking and/or seating and memberships unless the membership confers nothing of value.

Effective January 1, 2018 the IRS eliminated the charitable deduction for amounts paid to or for the benefit of a college or university for which in return anyone receives the right to purchase tickets or seating at an athletic event in the university's stadium. Therefore, grants made from Donor Advised Funds to a college or university must be made exclusively for charitable purposes and may not be connected in any way with the purchase, or opportunity to purchase, tickets to an athletic event.

In accordance with the IRS, grants from Donor Advised Funds may not go to any individual and may not go to a nonprofit for the benefit of a specified individual. The cover letter accompanying grants referencing the support of a specified individual will note that the grant is not intended for the benefit of any individual and that the nonprofit has complete control over the use of the funds.