New MSU Donor Advised Fund Offers Options for Giving
MSU has partnered with BNY Mellon to provide alumni and friends access to a new donor advised fund that can be used to support MSU and other charities.
New MSU Donor Advised Fund Offers Options for Giving
MSU has partnered with BNY Mellon to provide alumni and friends access to a new donor advised fund that can be used to support MSU and other charities.
November 11, 2022MSU has partnered with Bank of New York Mellon (BNYM) to provide alumni and friends with access to a new donor advised fund, the Michigan State University Donor Advised Fund (MSU DAF), which you can use to enhance your overall philanthropy while supporting the university.
As a donor, you can open an MSU DAF with a minimum of $10,000, and additional contributions as low as $250. Gift assets accepted include:
- Cash (wires, ACH and checks)
- Marketable securities
- Complex assets (case-by-case basis), including cryptocurrency, real estate, private equity, LLCs, etc.
The MSU DAF creates two accounts: MSU Only and Discretionary. Fifty percent is allocated into the MSU Only account, and 50 percent is allocated into the Discretionary account. The Discretionary account can be used to support MSU or almost any approved 501(c)(3) nationally, and qualifying foreign charities in certain countries. There is no required minimum distribution per year; the minimum grant is $250 and grant requests can be made through the online donor portal or paper forms.
Contributions may be eligible for a tax deduction and grow tax-free, leveraging the value of your philanthropy. Grants are distributed at your own pace, providing the opportunity to develop a strategic approach that better supports your philanthropic vision.
LEARN MORE by visiting bnymelloncharitablegiftfund.org/msu or contact Deanna Gast, Office of Gift Planning, at gastd@msu.edu or (517) 884-1071.
