Sample Deed of Gift for a Donor-Advised Fund

DEED OF GIFT

establishing the

(Name of Fund) Donor-Advised Fund

____________________ [Donor(s)] hereby establish at The DuPage Community Foundation (Foundation) the ____________________Donor-Advised Fund (Fund). The Fund shall be established with a gift of $________________________. Additional gifts from the Donor(s),other individuals, corporations or organizations may be added to the Fund. The Foundation shall periodically provide Advisor(s) with an accounting of the Fund.

The Fund will be held in perpetuity, and will be charged standard investment and administrative fees. The Fund's net income will be used for the general charitable purposes of the Foundation as provided in its Bylaws, subject to the following paragraphs.

The Advisor(s) may make recommendations for grants from the net income of the Fund not more frequently than quarterly. All grant recommendations shall be in writing. Each grant distribution shall beat least $500.00. Recommendations for grants from the Advisor(s) shall be advisory only, with the final decision to be made by the Board of Trustees. No distribution of income from the Fund shall be used to satisfy any charitable pledge made by any donor to the Fund. All distributions must be for charitable purposes and consistent with the exempt purposes of the Foundation as specified in its Articles of Incorporation and Bylaws.

The Advisor(s) for the Fund shall be ___________________________who may, by written instrument delivered to the Board of Trustees,designate Successor Advisors. If the Advisor(s) or Successor Advisor(s) cease to act as Advisor(s), the Fund shall thereafter be devoted to the unrestricted charitable purposes of the Foundation.

Should its charitable purposes become unnecessary, incapable of fulfillment or inconsistent with the charitable needs of the community,the income will be devoted to the unrestricted charitable purposes ofthe Foundation.

________________________________________

[Name of Donor(s)]

______________________________________

David M. McGowan, CFRE

President

The DuPage Community Foundation

_______________________________