Frequently Asked Questions

How do I create a new Donor Advised Fund (DAF) for my client (the Donor)?

If you are ready to begin please visit our onboarding application process.

Complete your firm details and select the custodian where the DAF is to be held. Details include:

1. Philanthropic fact find.

• Does the Donor require philanthropic advice? If yes, then our philanthropic adviser will be in touch to arrange a discussion with you and your client.
• What purposes interest the donor? Examples such as animals, children, healthcare, environment.
• Are there any charities the donor would like to give grants to? If so, please provide the most important charities to the client.
• How frequent does the donor wish to make grants? This can be annually (could be on the Donor’s birthday or other significant date), biannually, quarterly, monthly or ad hoc.

2. Fill in the Donor information.

3. Are there any Additional Grant Representatives?

• What are Additional Grant Representatives?
  • A Donor can choose whether to have one or two members of family to be part of their charity foundation and have the capacity to make Grants from, with the approval of the Donor.

4. Successor of the DAF

• This can be a family member of the Donor, including one of the Additional Grant Recommenders, or the Donor can choose to have the assets of the Charitable Foundation transferred to a UK registered charity. Please ensure the Charity name and number is completed in the application form.
  • What happens if the Donor chooses not to have a successor?
    • In this instance it will be down to the TCF Trustees to decide on what happens with the DAF and the charity/ies which receives Grants, in line with the Donor’s philanthropic objectives.

Once the application is submitted TCF will send the completed application form to the Donor and Additional Grant Representatives via our electronic signature system for them to check the application form and sign. On return of all signatures this will be forwarded onto the Trustees for sign off.