Headquartered in Tysons, Virginia, United Charitable is a registered 501(c)(3) nonprofit serving clients around the United States. United Charitable primarily works with wealth advisors and donors on establishing a range of charitable endeavors, often through donor advised funds (DAFs).
When it comes to naming a DAF, clients can choose any name they like, though it is often advisable to select a name that states the primary goal of the fund, such as “The (Name) Family Educational Foundation.” Naming a fund can also be the perfect time to honor a loved one or mentor, particularly if they were involved in the cause that is now the fund’s mission.
While establishing their charitable legacies, donors often wonder how they might involve their children in the philanthropic process. By naming a child a joint advisor on the fund, the child can become directly involved in the grant-making process. As a named successor, the child can take full control of the DAF as early as their 18th birthday, carrying on a family’s philanthropic tradition for generations to come.
Of course, other questions involve exactly how assets are invested into a DAF. Versatility and flexibility are key in this regard, once a DAF meets a certain threshold, United Charitable encourages families to use their personal financial professionals. With this in mind, investment plans can be highly customized, and United Charitable works seamlessly alongside your chosen professionals.
