Donor Application Please complete this form to establish a donor-advised fund of $100,000 or more with. Additional forms are available at www.nptcat.org. If you need assistance, call toll free at (855) 536-1210 or send an email to nptcat@nptcat.org. 1. Donor-Advised Fund Information Please select a name for your donor-advised fund. You may name it for yourself, for your family ( The Smith Family Charitable Fund ), in memory of someone, or for a particular charitable purpose ( Save the Rain Forests Fund ). Donor-Advised Fund Name 2. Donor Information Please identify all registered owners of the assets being donated. Note: NPT CAT s gift receipt, which is provided for federal tax reporting purposes, will be sent to the person(s) or trust listed below. Primary Donor q Mr. q Mrs. q Ms. q Dr. First Name, MI, Last Name Date of Birth Social Security # Street Address City/State Zip Email Primary Telephone # Joint Donor q Mr. q Mrs. q Ms. q Dr. First Name, MI, Last Name Date of Birth Social Security # Street Address City/State Zip Email Primary Telephone # Trust If the donation is from a trust, enter the name and date of the trust agreement below. Name of Trust Agreement Trust Date Taxpayer ID # Trustee Name Primary Telephone # NCT FOR DAFI 0412. All rights reserved. Page 1 of 4
3. Donated Assets The Donor(s) irrevocably give(s) the assets described below to ( NPT CAT ), a charitable organization described in sections 501(c)(3), 509(a)(1) and 170(b)(1)(A)(vi) of the Internal Revenue Code. Contributions are deductible to the full extent permitted by law. The Donor(s) understand that this is an irrevocable gift, which will be used to establish and maintain a charitable fund at NPT CAT, subject to NPT CAT s governing documents and bylaws. This donor-advised fund (the Donor-Advised Fund or DAF ) will be known by the name specified in Section 1. That name will be used for administration and distribution, unless the Donor(s) requests otherwise. All donations are subject to acceptance by NPT CAT. q Illiquid Asset(s) Please provide a description of the donated assets. Please attach any copies of shareholder agreements and additional documents associated with the assets, if necessary. Asset Description Asset Description Asset Description q Cash $ q By Check q By Wire Dollar Amount q Stock Name of Stock Trading Symbol # of Shares Name of Stock Trading Symbol # of Shares Name of Stock Trading Symbol # of Shares q Mutual Funds Name of Mutual Fund Trading Symbol # of Shares Name of Mutual Fund Trading Symbol # of Shares Name of Mutual Fund Trading Symbol # of Shares NCT FOR DAFI 0412. All rights reserved. Page 2 of 4
3. Donated Assets (continued) q Bonds Name of Bond CUSIP Quantity or Face Amount Name of Bond CUSIP Quantity or Face Amount Name of Bond CUSIP Quantity or Face Amount q Physical Certificates Mail Physical Certificate and Irrevocable Stock or Bond Power with medallion guarantee under separate cover to at the address below. q Restricted Stock, Privately Held Stock, and Real Estate For assistance, please call toll free at (855) 536-1210. q Grant or Transfer from Private Foundation or Donor-Advised Fund $ q By Check q By Wire Estimated Dollar Amount 4. Transfer Instructions Check Make payable to: Mail to: 165 Township Line Road Suite 150 Jenkintown, PA 19046 Tax ID#: 27-7059768 Wire Bank: UBS AG ABA # 026007993 A/C Title: UBS Financial Services, Inc. A/C Number: 101-WA-258641-000 F/C A/C Title: F/C A/C Number: PY26935 Stock, Mutual Funds, Bonds Brokerage FIrm: UBS Financial Services, Inc. For Benefit of: DTC Number: 0221 A/C Title: A/C Number: PY26935 NCT FOR DAFI 0412. All rights reserved. Page 3 of 4
5. Acknowledgement of Terms (Must be signed by the Primary and Joint Donor, if one is listed.) I understand that my gift of the property described in Section 4 is an irrevocable and unconditional contribution when received and accepted by (NPT CAT), and that NPT CAT retains exclusive legal control over these contributed assets. I acknowledge that I have read the NPT CAT Program Guide and agree to the terms and/or conditions contained therein. I certify that, to the best of my knowledge, all information in connection with this contribution agreement is accurate and I will notify NPT CAT in writing of any changes. Donor or Trustee Donor or Trustee Date Date 6. Return this completed form and other required documentation by mail or fax to: 165 Township Line Road, Suite 150 Jenkintown, PA 19046 Fax: (215) 277-3029 NCT FOR DAFI 0412. All rights reserved. Page 4 of 4
How to Make a Contribution Outlined below are the steps for making a new or additional contribution to your (NPT CAT) donor-advised fund. Listed for each asset are the necessary forms and the instructions for transfer. Additional forms are available at www.nptcat.org. If you need assistance, call toll free at (855) 536-1210 or send an email to nptcat@nptcat.org. Cash by Check Make payable to: Form to be completed: Contribution Agreement Mail to: 165 Township Line Road, Suite 150 Jenkintown, PA 19046-3594 Tax ID#: 27-7059768 Cash by Wire Form to be completed: Contribution Agreement Wire to: Bank: UBS AG ABA Number: 026007993 A/C Title: UBS Financial Services A/C Number: 101-WA-258641-000 F/C A/C Title: F/C A/C Number: PY26935 Stock Forms to be completed: Contribution Agreement Letter of Authorization DTC Eligible Securities: Brokerage Firm: UBS Financial Services For Benefit of: DTC Number: 0221 A/C Title: A/C Number: PY26935 Stock Certificates Bonds Forms to be completed: Contribution Agreement Letter of Authorization Forms to be completed: Contribution Agreement Letter of Authorization Mail Physical Certificate and Irrevocable Stock or Bond Power with medallion guarantee under separate cover to: 165 Township Line Road, Suite 150 Jenkintown, PA 19046-3594 Fed Book Entry: Brokerage Firm: UBS Financial Services For Benefit of: DTC Number: 0221 A/C Title: A/C Number: PY26935 Mutual Funds Restricted Stock Please contact NPT CAT toll free at (855) 536-1210 for assistance. NPT CAT will coordinate with the mutual fund company. Processing this type of asset can take between four and six weeks to complete. Please contact NPT CAT toll free at (855) 536-1210 for assistance. Processing this type of asset can take between four and six weeks to complete. NCT FOR HTMAC 0412. All rights reserved. Page 1 of 1
Contribution Agreement Complete this form to make an initial contribution of $100,000 or more, or an additional contribution of $5,000 or more to your donor-advised fund. Additional forms are available at www.nptcat.org. If you need assistance, call toll free at (855) 536-1210 or send an email to nptcat@nptcat.org. 1. Donor-Advised Fund Information Donor-Advised Fund Name Primary Advisor 2. Donor Information Identify all registered owners of the assets being donated. Note: A gift receipt from NPT Charitable Asset Trust, which is provided for federal tax reporting purposes, will be sent to the person(s) or trust listed below. Primary Donor q Mr. q Mrs. q Ms. q Dr. First Name, MI, Last Name Date of Birth Social Security # Street Address City/State Zip Email Primary Telephone # Joint Owner q Mr. q Mrs. q Ms. q Dr. First Name, MI, Last Name Date of Birth Social Security # Street Address City/State Zip Email Primary Telephone # Trust (A copy of the Trust Agreement with any amendments must accompany all initial contributions from trusts.) Name of Trust Agreement Taxpayer Identification Number Trust Date Trustee (First Name, MI, Last Name) Primary Telephone # NCT FOR CAFI 0412. All rights reserved. Page 1 of 3
3. Transfer Instructions Check Make payable to: Mail to: 165 Township Line Road Suite 150 Jenkintown, PA 19046 Tax ID#: 27-7059768 Cash Bank: UBS AG ABA # 026007993 A/C Title: UBS Financial Services, Inc. A/C Number: 101-WA-258641-000 F/C A/C Title: F/C A/C Number: PY26935 Stock, Mutual Funds, Bonds Brokerage FIrm: UBS Financial Services, Inc. For Benefit of: DTC Number: 0221 A/C Title: A/C Number: PY26935 4. Assets Refer to the instructions in the "How to Make a Contribution" form or call (855) 536-1210 for assistance. If you are transferring stock, mutual funds, or bonds, attach a copy of the "Letter of Authorization" indicating where the assets are held. Send the original "Letter of Authorization" to the firm at which the assets are held. q Cash $ q By Check q By Wire Dollar Amount q Stock Name of Stock Trading Symbol # of Shares Name of Stock Trading Symbol # of Shares Name of Stock Trading Symbol # of Shares q Mutual Funds Name of Mutual Fund Trading Symbol # of Shares Name of Mutual Fund Trading Symbol # of Shares Name of Mutual Fund Trading Symbol # of Shares NCT FOR CAFI 0412. All rights reserved. Page 2 of 3
4. Assets (continued) q Bonds Name of Bond CUSIP Quantity or Face Amount Name of Bond CUSIP Quantity or Face Amount Name of Bond CUSIP Quantity or Face Amount q Physical Certificates Mail Physical Certificate and Irrevocable Stock or Bond Power with medallion guarantee under separate cover to at the address below. q Restricted Stock, Privately Held Stock, and Real Estate For assistance, please call toll free at (855) 536-1210. q Grant or Transfer from Private Foundation or Donor Advised Fund $ q By Check q By Wire Estimated Dollar Amount 5. Acknowledgement of Terms (All donors or trustees named in Section 2 must sign below) I understand that my gift of the property described in Section 4 is an irrevocable and unconditional contribution when received and accepted by, and that NPT Charitable Asset Trust retains exclusive legal control over contributed assets. I acknowledge that I have read the NPT Charitable Asset Trust Program Guide and agree to the terms and/or conditions contained therein. I certify that, to the best of my knowledge, all information in connection with this contribution agreement is accurate and I will notify in writing of any changes. Donor or Trustee Donor or Trustee Date Date 6. Return this completed form and other required documentation by mail or fax to: 165 Township Line Road, Suite 150 Jenkintown, PA 19046 Fax: (215) 277-3029 NCT FOR CAFI 0412. All rights reserved. Page 3 of 3
Grant Recommendation Complete this form to recommend a grant of $250 or more from your donor-advised fund to support a public charity. Additional forms are available at www.nptcat.org. If you need assistance, call toll free at (855) 536-1210 or send an email to npt@nptcat.org. 1. Fund Information Fund Name Primary Advisor 2. Grant Details Charity Name Distribution Amount ($250 minimum) Street Address City/State Zip Contact Name Primary Telephone # Employer ID # (if known) Purpose q Unrestricted (Default if no box is checked) q General Operating Expenses q Special Project q Capital Expenditure q Other (e.g "in memory of") Recognition A letter accompanying your grant will be sent to your selected charity. Please indicate your preference for recognition. q Recognize Fund Name Only (Default if no box is checked) q Recognize Fund Name and Donor (please specify) q Anonymous q Other (please specify) Timing q Issue the approved grant on a recurring basis as indicated below for the amount listed above. (Note: Recurring grants may be discontinued for insufficient funds, or if a notice to suspend is received.) / / / / q Quarterly q Semi-Annually q Annually Beginning (month/day/year) Ending (month/day/year) 3. Acknowledgement of Terms I understand that this is a recommendation and not a direction. I further understand that (NPT CAT) reviews all grants to ensure that the organization is a qualified charity under IRS regulations, and that the purpose of the grant is charitable in nature. NPT CAT may deny a recommendation if the grant does not meet criteria for approval. By signing below, I acknowledge that this grant is not intended to: Fulfill an existing pledge. (An existing pledge is one made before this grant has been approved by NPT CAT.) Acquire more than an incidental benefit, good or service for any specific individual or myself. Pay for dues, membership fees, tuition, goods from charitable auction, or other goods or services. Support a political campaign or lobbying activity. Support an individual. Support a private non-operating foundation. Primary/Joint/Secondary Advisor Signature Date (month/day/year) 4. Return this completed form and other required documentation by mail or fax to: 165 Township Line Road, Suite 150 Jenkintown, PA 19046 Fax: (215) 277-3029 NCT FOR GR 0412. All rights reserved. Page 1 of 1
A public charity in the trust form A Guide to Your Donor-Advised Fund
Contents Introduction 1 About 1 Creating a Donor-Advised Fund 1 at Contributions 2 Gift Receipts & Tax Forms 2 Tax Considerations 3 Investment Options 3 Grantmaking 4 Fees and Expenses 5
Introduction Thank you for your interest in establishing a donor-advised fund (DAF) with NPT Charitable Asset Trust (NPT CAT). NPT CAT is a public charity in the trust form. National Philanthropic Trust (NPT) is the trustee of NPT CAT. This donor guide is intended to provide an overview of NPT CAT s DAF program and policies. The guide also includes important details regarding creating and maintaining your DAF. All DAF activities are subject to the terms and conditions outlined in this donor guide, as well as NPT CAT s deed of trust. NPT CAT reserves the right to modify the DAF program and this donor guide at any time, subject to the provisions of its deed of trust. NPT CAT and NPT are both recognized as tax-exempt public charities described in Sections 501(c) (3), 509(a)(1), and 170(b)(1)(A)(vi) of the Internal Revenue Code (IRC) of 1986 as amended. About NPT CAT works with individuals, nonprofit organizations and other entities in pursuing their philanthropic objectives. NPT CAT accepts contributions from many types of assets, but specializes in helping donors make charitable donations with illiquid or unique assets. NPT CAT manages the entire charitable giving process receiving the asset, managing and liquidating the asset, and administering the grant(s) to recommended charities. Our staff can share their vast knowledge of the nonprofit sector and offer you technical grantmaking assistance. NPT CAT also provides philanthropic service support for charitable gifting and granting. This support includes: Online access to monitor all donor-advised fund activities, provide grantmaking tools to research charities, recommend grants and more Assistance with charitable research, and help managing complex contractual grantee relationships A well organized, information-rich website with news, articles and resources on philanthropy For any questions regarding how NPT CAT can support your philanthropic goals, please visit our website, www.nptcat. org, or contact us toll free at (855) 536-1210 any business day between 8:30 a.m. and 5:00 p.m. EST. Creating a Donor-Advised Fund at Individuals, families, companies, trusts, estates, private foundations and nonprofits are all eligible to open a DAF at NPT CAT. The individual or entity that opens a DAF is considered the Primary Donor. You can open a DAF at NPT CAT by completing a Donor Application and making an irrevocable contribution of $100,000 or more. You or your advisor may download and complete an online application and other forms at NPT CAT s website, www.nptcat.org. You may return the application via mail or fax. You may also request an application by calling NPT CAT toll free (855) 536-1210. 1
Contributions You may contribute both liquid and illiquid assets to your DAF. NPT CAT reviews each proposed contribution on a case-by-case basis. Contribution Process Depending on the type of asset, NPT CAT s review and acceptance procedures vary. Please refer to the Illiquid Asset Contribution Guidelines available at www.nptcat. org or contact NPT CAT for further guidance. If NPT CAT cannot accept a contribution for any reason, you will be notified as soon as possible. Commonly contributed assets and their respective delivery instructions include: Cash Contributions: You may deliver cash by check or wire. Checks should be made payable to. Publicly-Traded Stock: You may transfer stocks ( in kind ) via wire to NPT CAT s brokerage account. Forms and instructions for this type of contribution are included online at www.nptcat. org, or can be obtained by calling NPT CAT. If you are contributing thinly-traded stock or restricted securities, NPT CAT must approve any proposed liquidation schedule. Other Property: Such contributions can include non-publicly traded assets (such as shares of a privately-held company), real estate, art, collectibles, mineral rights, etc. Delivery of these illiquid assets varies. NPT CAT manages all aspects of liquidating the asset with the goal of maximizing its value. All costs NPT CAT incurs to sell the securities (e.g., legal or appraisal fees) will reduce the net proceeds of your DAF. You are responsible for securing a qualified appraisal to substantiate your charitable tax deduction. Once a contribution is accepted, NPT CAT assets are liquidated in a reasonable time period. Certain assets, such as publicly-traded stock, may be liquidated immediately while other contributions will be liquidated on a schedule to maximize the asset value. The net proceeds of all liquidated contributions are reflected in the asset value of your DAF. DAF assets are intended for charitable purposes only. Contributions are Irrevocable Once NPT CAT approves and accepts your contribution, it is irrevocable. NPT CAT retains exclusive legal control over the contributed asset and you may not impose any material restriction or condition on the gift. Testamentary Gifts/Gifts from Trusts Contributions to a DAF can be a part of your estate planning. A DAF at NPT CAT can be the beneficiary of your bequest or other testamentary vehicle. It can also be the beneficiary of: A retirement plan such as an Individual Retirement Account (IRA), or 401(k) plan A Charitable Remainder Trust, and certain Charitable Lead Trusts A life insurance policy A brokerage account or other accounts that allow you to designate beneficiaries Please contact NPT CAT or visit our website for suggested language to designate your DAF as the beneficiary of your estate planning vehicle. There are many ways for NPT CAT to distribute your testamentary gifts to charity. Please contact NPT CAT for more information on how your DAF can make charitable grants beyond your lifetime. You should always consult a tax or legal advisor when setting up any testamentary gift, trust or other deferred gift. Gift Receipts & Tax Forms Gift Receipts NPT CAT provides you with a contribution confirmation, which serves as your gift receipt. Please keep the receipt for your tax records. NPT CAT makes a good faith effort to compute the fair market value of each charitable contribution as part of DAF record keeping. You are required to obtain an independent qualified appraisal to establish the amount of your tax deduction. Tax Forms If required, NPT CAT will sign an IRS Form 8283 to acknowledge receipt of your contribution. The Form 8283 also contains a summary of your qualified appraisal of the fair market value of contributed assets. The IRS requires that you file Form 8283 with your federal income tax returns for gifts of property of $5,000 or more including publicly-traded and other securities. NPT CAT will provide you with any other financial reports or information required by law. 2
Tax Considerations NPT CAT is a public charity, which allows donors to take the most favorable charitable tax deductions. You should consult your tax advisor to determine the appropriate deduction limits. Tax Eligibility You are eligible for an itemized income tax deduction on the date that you irrevocably gift your asset to NPT CAT. Any deduction will depend on the type of asset you contribute and your personal financial circumstances. This guide only addresses federal taxes. Rules and regulations regarding tax deductions for charitable giving vary state-by-state. Additional tax rules and regulations may apply depending on your individual circumstances. You should always consult a tax or legal advisor before making a charitable contribution to your DAF. Tax Treatment of Donor-Advised Funds The assets in a DAF at NPT CAT may accrue income from investment growth, dividends or capital gains. The income accrued is part of the DAF and therefore cannot be taxed except in limited circumstances involving particular assets such as S-Coporation stock or leveraged property. Additionally, any income can not be claimed as an additional charitable tax deduction. Income or loss in your DAF will be reflected in its asset value and shown in your NPT CAT DAF statements. When NPT CAT makes grants to charities based on your recommendation NPT CAT is granting its own assets. Accordingly, you may not take any additional charitable tax deductions for the DAF grants. Estate Planning Contributions are irrevocable and are therefore not part of your personal assets. As such, they are not subject to either estate tax or probate. Consult a legal or tax advisor on how your DAF can maximize your estate plans. Common Tax Deductions Cash/Check: Your deduction is the amount of the cash contribution. Publicly-Traded Securities: Your deduction is the fair market value of the securities for those held longer than one year. NPT CAT calculates the fair market value of publicly-traded securities as the mean of the high and low price reported on the date of contribution. Mutual Fund Shares: Your deduction is the fair market value of the mutual fund shares contributed for those held longer than one year. NPT CAT calculates the fair market value of mutual fund shares as the closing price on the date of contribution. Securities that are not publicly-traded: Your deduction is typically the fair market value of securities (that are not publicly-traded, such as closely-held or some restricted securities) that have been held for longer than one year. In most circumstances, the IRS requires a qualified independent appraisal to determine the fair market value of securities that are not publiclytraded. The cost of this appraisal cannot be paid for by NPT CAT. Short-Term Securities: The deduction is limited to the cost basis or the current market value (whichever is lower) for securities (both publiclytraded and other securities) or mutual fund shares that have been held one year or less. Other Tax Deduction Limitations The Internal Revenue Code rules for charitable contributions impose percentage limitations against adjusted gross income in the year you make the gift. Cash: You may deduct the full fair market value of a charitable gift up to 50% of your AGI in the tax year in which the contribution is made. Appreciated Securities: For securities held longer than one year, you may deduct the full fair market value of a charitable gift up to 30% of your AGI. Carry Forward Deductions: If you cannot use the full deduction in the year you make a contribution, you may use or carry forward any excess tax deduction for five additional years. Investment Options NPT CAT has sole authority to invest your DAF assets and may change the investments at any time. Changes in market values may affect the value of the investments in the DAF increasing or decreasing the value of your DAF. 3
Grantmaking The assets in your DAF are available for grantmaking purposes only. You may recommend grants to qualified charitable organizations at any time, provided your DAF has available funds and liquidity. Grant Recommendation Process To begin, you must make a grant recommendation, which can be done online at www.nptcat. org, or by submitting a completed Grant Recommendation form. NPT CAT carefully reviews all grant recommendations. After receiving a grant recommendation, NPT CAT will verify that the charitable organization is eligible to receive the grant (see accepted charities and restrictions below). If NPT CAT denies a grant recommendation, an explanation will be provided. NPT CAT will make every effort to suggest alternatives that fulfill your philanthropic intent. You may also elect to submit an alternative grant recommendation. You may log into NPT CAT s secure online site to view the progression of your grant request from the recommendation until the recipient charity deposits the grant check. You will receive quarterly statements from NPT CAT that list grant recipients and grant amounts for the preceding quarter. Eligible Grant Recipients NPT CAT can make grants to charitable organizations that are tax-exempt under IRS Code Section 501(c)(3) and are public charities under Code Section 509(a)(1), (2) or (3). NPT CAT can also make grants to private operating foundations described in Section 4942(j)(3) of the Code. Eligible recipient charities include but are not limited to: Museums and arts organizations Schools and educational institutions Environmental organizations Hospitals and health care organizations Scientific and medical research institutes Religious organizations and places of worship Any other organizations or institutions established for charitable purposes Ineligible Grant Recipients NPT CAT will not approve grants to: Individuals Private foundations (except for private operating foundations, as noted above) Non-functionally integrated Type III supporting organizations Political campaigns, candidates, or to support lobbying activity Fulfill an existing pledge (an existing pledge is one you make before NPT approves the grant) Pay for dues, membership fees, tuition, goods from charitable auction, admission to charity events or other goods or services Foreign Charitable Organizations NPT CAT can make grants to foreign charities. Additional fees for increased due diligence and grant processing apply to each foreign grant recommendation. Please contact NPT CAT for a foreign grant fee schedule and requirements for recommending a grant to non-u.s. charities. Donor Recognition or Anonymity When you make a grant from your DAF, you can decide to be recognized in any of the following ways: By DAF name only By your name and the DAF name In honor or memory of someone Anonymously NPT CAT will not release your name or contact information to any recipient charity without your prior consent. Number of Grants You can make an unlimited number of grants from your NPT CAT DAF provided there are sufficient funds. Grant Minimum The minimum grant amount is $250. If the amount of a grant recommendation exceeds your DAF balance, NPT CAT will ask you to recommend a grant in a different amount or make an additional contribution to the DAF. 4
Minimum Account Activity If you have not made grant recommendations for three years, NPT CAT will make every effort to contact you or your advisor(s) to request that you make a grant recommendation. If NPT CAT does not receive a response within a reasonable time period, NPT CAT will transfer the entire fund balance to the NPT Giving Fund. Grant Review and Distribution NPT CAT makes grants weekly. Grants requiring additional due diligence, such as a foreign charity review process, may take longer. NPT CAT sends a grant check and letter to the recipient charity with the donor recognition that you requested. Fees and Expenses NPT CAT charges each DAF a one-time charitable administration fee for establishing and maintaining the DAF. We will also charge supplemental fees for certain special services provided to the DAF and any expenses NPT CAT incurs directly for the DAF s benefit. These fees and related expenses will be deducted from your DAF balance. In certain cases, a donor may need to make an additional contribution to the DAF to cover anticipated or existing expenses. The fees and related expenses include: 1. Gift Processing Fee NPT CAT charges a one-time gift processing fee for each contribution of non-cash assets. Typically, the fee schedule is: Up to $1 million - 3% For the next $4 million - 2% Above $5 million - 1% 2. Long-Term Charitable Asset Management Fee If NPT CAT holds your gift for longer than 365 days, we charge a supplemental fee. This fee totals 1% annually and is based on the asset s value at the time you gift it to NPT CAT or at the time of its sale whichever is greater. NPT CAT reserves the right to adjust the long-term charitable asset management fee structure for inflation or for any contributions held for more than 36 months. 3. Related Expenses NPT CAT may hold an asset for a period of time prior to its sale. In general, the length of time NPT CAT holds the asset is based on market conditions. If NPT CAT incurs costs to hold an asset for a prolonged period of time before it can be liquidated, the donor is expected to make additional contributions of cash or other liquid property to the DAF to defray the additional holding costs. Related expenses can include but are not limited to: Protection - Protecting and holding the asset, such as insuring it Documentation - IRS filings, financial statements and other related record keeping Financial and Tax Reporting - Financial record keeping and tax-related activities including but not limited to filing federal, state and/or foreign forms Audit Management - Document preparation for internal and external audits UBIT - Monitoring of any unrelated business income tax and paying the porportional tax Illiquid Asset Costs - Managing and maintaining an illiquid asset The minimum gift processing fee is $15,000. The fee is calculated as a percentage of the contribution s value when you gift it to NPT CAT or at the time of its sale whichever is greater. NPT CAT reserves the right to adjust the gift processing fee based on the amount and type of asset contributed. NPT CAT will outline the fee schedule for your contribution in a Memorandum of Understanding before we accept it. NCT FOR AGTYDAF 0412 5
A public charity in the trust form 165 Township Line Road Suite 150 Jenkintown, PA 19046 (855) 536-1210 www.nptcat.org