Professional advisors have clients with donor-advised funds (DAFs) at national providers. Yet many of these donors may not realize they can transfer those funds to the San Antonio Area Foundation — gaining local insight, personalized service and stronger local community impact all while keeping the same tax advantages.
Here’s what your clients gain by transferring to the Area Foundation:
Same benefits as national providers:
- Online access and simple grantmaking.
- Consolidated tax reporting.
- Full back-office support.
- Favorable deductibility for various asset types.
Additional local advantages:
- Personal service from experts in complex gifts.
- Local knowledge of nonprofit impact in San Antonio.
- Philanthropic advising and impact tracking.
- Opportunities for donor education and collaboration.
- Legacy and family philanthropy services.
- Fees that support the San Antonio community.
How the transfer process works:
- Establish a DAF at the Area Foundation (we make it easy).
- Request a grant from the existing DAF provider to fund the new DAF.
- Transfer most or all of the balance.
- Download prior grant history and contribution records before closing the national DAF.
Having your clients transfer funds into a DAF with the Area Foundation is a tax-neutral, high-impact move. Let us know if we can walk you or your clients through the process. You can click here to get more information and also feel free to reach out directly to David Simmons, Wealth Advisor Relations Manager: dsimmons@saafdn.org.
