THE PHYSICIAN PHILANTHROPY IMPACT FUND
When making a contribution to the Fund, donors have the option of choosing a focus or cause, and their donations will be directed by the Physician Advisory Group.
Is my donation tax deductible?
Yes, donations made to this Donor Advised Fund are tax deductible. For details on tax deducation please consult your accountant.
Can I choose more than one focus area for donations - I care about a lot of different issues?
Yes, you can do that by making a separate donation to each of the areas you would like to impact.
I don't know where I want to donate funds, can I still donate?
Yes - you can either choose a focus area that you would like to support, or let us choose for you.
Is there a minimum donation amount?
No, there is no minimum donation amount. We believe that every contribution counts, no matter the size.
Donations will immediately go into a select group of Impact Investments to be able to grow until a portion of the funds are disbursed at the end of the year as charitable contributions.
What is an Impact Investment?
Impact investments are investments made with the intention to generate positive, measurable social and environmental impact alongside a financial return according to the GIIN - the Global Impact Investing Network.
Can I earn money through the Impact Investment if it grows in the fund?
No, once the money is donated all proceeds must stay in the fund or distributed to a charitable organziation.
Who is managing the Impact Investments?
The Impact Investment portfolio is managed by Montcalm - an investment firm dedicated to human and planetary well being.
Is there a management fee?
Yes, management fees are assessed at 3% of the total fund.
Charitable contributions are found, assessed and evaluated by the Physician Advisory Group - a voluntary group of physicians dedicated to doing good beyond the hospitals and clinics.
Does all the money I donate go to charitable organizations?
A portion of your donation will be distributed to charitable organizations annually. The funds will initially placed in Impact Investments allowing them to grow.
Why not donate funds all at once?
Putting funds into Impact Investments, and keeping a portion growing in these investments, will allow the donated dollars to grow longer and go farther. We have a long term view of impact, which includes both the good that can be done in the investments, as well as continuing to be able to provide funds to the charitable organizations we support for the long run.
What is a Donor Advised Fund?
A Donor Advised Fund is a way to make donations into a giving vehicle that can act as a charitable investment account. With these funds, a donor gets a charitable tax deduction when they give to a DAF; in exchange, they relinquish aspects of control of the donated funds. With these types of funds, you cannot receive income or withdraw money - the donated money into a Donor Advised Fund cannot be directed anywhere except for a qualified 501c3 organization.
What can I donate and what are the tax advantages?
These are great vehicles for tax deductible donations because you can use appreciated assets, which can be appreciated stocks, real estate, art, privately held business interests, IPO stock – you will get full tax deduction immediately upon donation and will not need to pay capital gains taxes on these.
Can I open my own Donor Advised Fund?
Yes, these can be set up through multiple financial institutions. These are a great giving vehicle and not complicated to set up.
If I can open my own, why would I donate to this fund?
There are several reasons - the first is to make it easy for you. Beyond that, you will be able to benefit from the expertise and experience of our team, and your money will be put to work immediately in Impact Investments that you might not otherwise be able to support. Your money will grow while doing good, and your impact will continue to be amplified by other contributions.
I already have a Donor Advised Fund - can I transfer those assets to this fund?
Yes, we can accept DAF to DAF transfers of funds. Some people find that they can easily set up a fund, but don't manage to disburse the funds and don't actively manage the potential investments. This can lead to money dedicated to doing good not making the positive impact that it could.
Can I donate complex appreciated assets to this fund?
Yes, we can accept all kinds of appreciated assets, such as real estate assets. Please contact us to arrange for transfer of complex assets.
The Physician Philanthropy Impact Fund is administered by SDG Impact Fund, (Tax ID# 46-2368538). SDG Impact Fund, Inc, headquartered at 475 E. Main Street #154 Cartersville, GA 30121 is a public charity as described in the Internal Revenue Code Sections 501(c)(3), 509(a)(1), and 170(b)(1)(A)(vi). All money and property transferred to SDG Impact Fund, Inc. shall be an irrevocable gift to the charity. Donor Advised Funds Are Not FDIC Insured – Are Not Bank Guaranteed – May Lose Value. Always consult with your independent attorney, tax advisor, and investment manager for recommendations and before changing or implementing any financial, tax, or estate planning strategy.