Donor Advised Fund - Singapore Foundation

Donor Advised Fund - Singapore Foundation

  • Unit price per 


Please note that the Chapel & York SG Foundation does not yet have charitable status; this means for monies received, donors will not be eligible to claim tax deductions at this time.

January 2023: An update regarding the Chapel & York Singapore Foundation

 

Donor-Advised Funds (or ‘DAFs’) are funds which Donors establish with a Foundation to support organisations worldwide. The Donor is entitled to local tax benefits when donations are made to the relevant Foundation.

There are two types of Donor-Advised Fund (chosen when completing your application after payment):

Funded DAF – the donor establishes and funds a DAF. The donor may then suggest grants from the Foundation to charitable organisations as and when desired.

Unfunded DAF – A donor or donors may set up a Fund with no initial deposit. The donor(s) may then add monies as they wish, including inviting others to contribute to the Fund. The donor(s) then suggest charitable organisations to receive grants from the Fund as and when desired.

The benefits of a DAF are:

  • Name your Fund as you wish – subject to local restrictions
  • Listed as a DAF on the Foundation’s generic donation page’s dropdown list
  • 1% retention rate on all donations
  • Immediate notifications for donations made online via credit card, if appropriate
  • Monthly report of donations received and DAF balance in the months when donations are received into the DAF

 

Optional add-ons (coming July 2023):

Donation Forms + £500.00pa

Fully customisable, embeddable donation forms that give your donors a branded and seamless giving experience. Make changes as you’d like, and as often as you like.

  • Standalone or embeddable donation forms.
  • Fully customisable, including branding and imagery.
  • Secure payment processing.
  • Access a dashboard with full donation form donation history.
  • Automated receipts sent to donors.
  • Notifications of donations received sent to you.

 

Fundraising Pages + £850.00pa

Grow your fund with the tools to create successful fundraising campaigns by designing personalised fundraising pages that truly reflect your organisation.

  • Create multiple campaigns.
  • Customisable campaign pages – including branding, imagery, text and video.
  • Secure payment processing.
  • Centralised dashboard to monitor activity across all campaigns.
  • Goal tracking and progress indicators.
  • Automated receipts sent to donors.
  • Notifications of donations received sent to you.

 

View discounts and set-up fees hereOnce payment for initial year 1 membership and set-up fees has been received, you will immediately be sent an email with the application form to complete. Please check your junk email folder if you cannot see the email after a few minutes.

In evaluating your completed application and conducting our due diligence, Chapel & York will review submitted documentation to ensure your organisation is able to receive grants/payments in the appropriate countries. In this process, Chapel & York makes no judgements as to the value of the work you do or the capacity of your organisation to do it. Once we are satisfied your application meets the criteria for each Foundation applied for, the application is passed to the Foundation Executive Director to share with the board your desire to set up a fund. In the event of your application being rejected, you will be refunded the membership fee.

Once the application is approved by the Foundation, you will receive a Welcome Pack and some useful language you can share with donors when talking about your relationship with Chapel & York.

Renewal invoices will be issued in advance of start date, and payment will be required as per the terms stated on the invoice.

Note: 

  • Your annual renewal date will be taken from the date of initial payment. 
  • The due diligence fee is non-refundable should your organisation choose not to proceed post payment, or if the application is rejected.
  • Due diligence will also be required prior to awarding funds to a suggested DAF grant/payment recipient.t.
  • Acceptance of your application will be communicated following completion of the due diligence. 

Prices exclusive of VAT (where applicable)


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