DONOR-ADVISED FUND (DAF) TERMS OF SERVICE

Effective Date: 02/01/2025

1. Introduction

Welcome to the Donor-Advised Fund (DAF) program administered by LIFE CHARITABLE FOUNDATION INC., EIN: 88-2316500, a 501(c)(3) nonprofit organization ("we," "us," or "our"). By establishing or contributing to a DAF account, donors ("you," "Donor," or "Advisor") agree to comply with these Terms of Service.

2. Establishing a Donor-Advised Fund

2.1 Eligibility

• Donors must be at least 18 years old and legally authorized to make charitable contributions.
• All contributions to the DAF are irrevocable. Once the donor makes the contribution, the organization LIFE CHARITABLE FOUNDATION INC. has legal control of over it. 

2.2 Contributions

• Acceptable donations include cash, stocks, real estate, cryptocurrency, and other assets as approved.
• Contributions qualify for a tax deduction, subject to IRS rules and regulations.

3. Investment & Fund Management

• Contributions may be invested for potential growth; investment gains or losses impact available funds.
• Investments are managed in accordance with the foundation’s policies, and donors may provide recommendations, but final investment decisions rest with the foundation.

4. Grant ((Withdrawals)) Recommendations & Distributions

4.1 Eligible Grant Recipients

• Grants (Withdrawals) can be made to IRS-qualified 501(c)(3) public charities and other persons or international equivalents.
• Grants (Withdrawals) cannot support:
  • Political campaigns or lobbying activities
  • Non-charitable purposes

4.2 Grant Approval & Processing

• Donors may recommend grants (Withdrawals), but final approval is at the discretion of LIFE CHARITABLE FOUNDATION INC.
• If a recommended grant (Withdrawals) does not meet eligibility criteria, donors may suggest an alternative.

5. Fees & Costs

• The foundation may charge administrative and investment management fees, which support fund operations.
• A detailed fee schedule is available upon request.

6. Privacy & Confidentiality

• Donor information is protected under our Privacy Policy.
• Donors may choose to make anonymous grant (Withdrawals) distributions upon request.

7. Inactive & Legacy Funds

• If a DAF account remains inactive (e.g., no grant (Withdrawals) recommendations for 5 years), the foundation reserves the right to allocate funds to charitable purposes aligned with its mission.
• Donors may designate successor advisors to manage the fund after their lifetime.

8. Amendments & Compliance

• LIFE CHARITABLE FOUNDATION INC. reserves the right to modify these Terms of Service to comply with IRS regulations and nonprofit best practices.
• Failure to comply with these terms may result in restrictions on fund use or termination of advisory privileges.

9. Limitation of Liability

• LIFE CHARITABLE FOUNDATION INC. is not responsible for investment losses or third-party grant recipient actions.
• The foundation does not guarantee any specific investment returns.

10. Contact Information

For questions or assistance, please contact:

📍 LIFE CHARITABLE FOUNDATION INC.   Tax Exempt Organization Search IRS https://apps.irs.gov/app/eos/
📞 (929) 800-4040
📧 i@donoradvisedfund.us
🌐 donoradvisedfund.us