TIAA Launches Donor-Advised Fund Program to Enhance Charitable Giving
TIAA Wealth Management has introduced a new donor-advised fund (DAF) program designed to integrate charitable giving into clients' broader financial plans. The initiative, offered in partnership with Charityvest—a public charity powered by Foundation Source—enables tax-efficient contributions and seamless digital management of donations. Clients can invest their DAF assets through one of seven TIAA model portfolios before recommending grants to IRS-qualified charities. The program is tailored for professionals such as educators and healthcare workers who seek strategic, mission-driven giving options. It features automated transaction processing, electronic grant delivery, charity gift cards, collaborative tools, and impact investing choices. The DAF solution aligns with TIAA's commitment to providing comprehensive financial planning services while supporting clients' philanthropic goals. Charityvest emphasizes accessibility and ease of use in its platform, aiming to streamline the giving process for individuals who have dedicated their careers to service-oriented fields.
Topics: charitable giving digital financial services donor-advised funds (DAF) tax efficiency