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🏦 Banking & Finance

What Happens to Your Donor Advised Fund Account When You Die

Fund balance may be substantialSuccessor advisor needed

Quick Facts

Fund balance

Remains in the fund

Successor

Named successor takes over

Difficulty

Medium

Step-by-Step Guide

1

Contact the sponsoring organization

Reach out to the DAF sponsor (e.g., Fidelity Charitable, Schwab Charitable, Vanguard Charitable) to report the account holder\'s passing.

2

Identify the successor advisor

The DAF should have a named successor advisor. If one was designated, they will take over advisory privileges for the fund.

3

Review pending grant recommendations

Check for any pending grant recommendations that may still be processed. The successor advisor can manage future grants.

4

Document the fund for estate records

Note the fund balance and sponsor organization. DAF assets are irrevocable gifts and are not part of the taxable estate, but should be documented.

Document Now Checklist

  • DAF sponsor organization
  • Fund name and account number
  • Named successor advisor
  • Approximate fund balance

Last verified: June 2026. Platform policies may change. Verify current procedures directly with Donor Advised Fund. This guide is for informational purposes only and does not constitute legal advice.

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