President's Report Masthead
December 31, 2017

Foundation now offers Donor Advised Fund

The Binghamton University Foundation introduced a Donor Advised Fund (DAF) as a giving option. This provides prospective donors of minimum gifts of $100,000 with a convenient and cost-effective alternative to commercial charitable gift funds or the legal complexities of forming a private foundation. The Foundation would handle all payments and administration, providing documentation to donors and the charitable organizations. Only half the gift to the DAF needs to be designated to Binghamton University; distributions can be immediate or deferred. Donors advise the Foundation of gifts they would like to make to eligible charities. More information can be obtained from Sheila Doyle, the Foundation’s executive director, at sdoyle@sbinghamton.edu.