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Giving Donor-Advised Funds

Recommending a gift to Montclair State University through your donor-advised fund (DAF) is simple. You can donate directly to Montclair State University by providing the following information to the sponsoring organization of your fund.

Each organization will have the appropriate forms to complete these donations, which you can usually access through an online portal or working with your fund advisor. Your sponsoring organization can then complete the transaction to distribute funds to Montclair State University.

Information to make a donor-advised fund gift:

Legal Name: Montclair State University Foundation

MSU Foundation Federal Tax ID#: 22-6017209

Mailing Address: 1 Normal Avenue, Montclair, NJ 07043

For more information, please contact the Office of Gift Planning at 973-655-3695 or email Ely F. Santoni at santonituere@montclair.edu

What is a donor-advised fund?

Donor-advised fund (or DAF) giving has become more popular for individuals and families that want to benefit multiple charities throughout the year and for extended periods of time.

A DAF is a separately managed fund that is maintained and operated by a sponsoring organization, such as Fidelity, Schwab, and other sponsoring organizations. Once a donor establishes a DAF, that individual and/or a representative retains advisory privileges with respect to investment allocations and distributions to various charities.

In addition to offering ease of administration, a donor-advised fund offers the opportunity to create a low-cost, flexible way to diversify your philanthropy without the expense of creating a private foundation.

What are the restrictions on recommending a DAF distribution?

A DAF distribution is subject to IRS charitable contribution restrictions. A recommendation for a distribution from a DAF will likely not be approved by the sponsoring organization if any portion of the gift will be used to provide more than incidental benefits. For instance, DAF gifts cannot be used to pay for tickets to a fundraising event, gala dinner, or golf tournament.

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