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Capaciteria.org - The Nonprofit Capacity Resource Index
FJC Programs
DFA programs
DFA Menu Options:
- What is an FJC Designated Fund Account?
- How Do FJC Designated Fund Accounts Work?
- How Do I Establish a Designated Fund with FJC?
- What Are the Advantages to Opening a Designated Fund Account with FJC?
- Designated Fund Account FAQ
What is a Designated Fund Account?
A Designated Fund Account (DFA) is a charitable vehicle that allows individuals, families, organizations, or small groups to raise funds in support of a specified non-profit organization.
All distributions from a DFA are made to one specified organization, which is identified at the time the account is established. DFAs often benefit the named organization through the ongoing professional oversight offered by FJC.
A DFA is owned, controlled and managed by FJC but the Authorized Signatories on the account have advisory privileges with respect to the investment and distribution of amounts held in the account. Donors can take an immediate tax deduction for their contribution to a DFA and the distributions can be recommended to the specified organization over time.