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Applying for an ABE Charitable Gift Account

To establish an ABE Charitable Gift Account, read the Policies and Procedures, and then print a copy of the account application, sign it, and mail it to ABE to provide us with an original signature.

When filling out the form, you'll see several questions:

How many Donors will be involved? Up to 4 Donors may contribute to one account. Donors can name the account, recommend grants, add or subtract advisors, and recommend a reallocation of investment strategies. However, there is one account name, password and investment strategy per account.

Will you appoint "advisors"? An advisor has the ability to recommend grants and the reallocation of investment strategies. This option allows Donors to involve their entire family in philanthropy.

Who will be your successors? Donors have the option of naming successors to oversee the accounts after the Donor's death, incapacity or disqualification.

What charitable area of interest do you have? In case no successor is alive to oversee the gift recommendations, you can recommend up to two charitable organizations to benefit from the ABE Charitable Gift Account after your death. For example, if you are interested in supporting the public service work of the legal profession, you could designate ABE's Charitable Legacy Fund, the American Bar Foundation or the ABA Fund for Justice and Education.

What will you call the ABE Charitable Gift Account you create? Donors usually choose between naming the account for their family, someone they wish to honor, or the charitable causes they will support.

How do you want the funds in the ABE Charitable Gift Account you create invested? For each gift Donors can recommend one of five investment options ranging from aggressive to conservative. After establishing an account, Donors can recommend a reallocation of investments once a year.

W13/14

"Philanthropy is very important to me and my family. The ABE offers a great vehicle for managing charitable giving called the Charitable Gift Fund (CGF). The CGF allows ABA Members to make a donation for which they receive an immediate tax deduction. When convenient, donors can then recommend donations to other charitable organizations of his or her choosing. ABE handles all the paperwork, so philanthropy becomes what it should be - easy!"

I. S. Leevy Johnson
ABA Member/ABE Director
ABE member since 1968

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