Frequently Asked Questions | DAF (Donor Advised Fund) Charity

Frequently Asked Questions

【General Questions】

(1) Why is the Charity named “递爱福”? Does it have a special meaning?

(2) What is the Donor Advised Fund?

(3) What advantages does a Donor Advised Fund have？

(4) How does the Charity position its role?

(5) Why has the Charity designed a sophisticated operating and business model?

(6) How can I become a Strategic Cooperation Partner of the Charity?

(7) What is the DAF Account Service System?

(8) Why does the Charity establish a risk management and control system based on professional services?

(9) What is a donor qualification examiner?

(10) What is a charitable account supervisor?

(11) What is a philanthropic expert consultant?

(12) How can I become a donor qualification examiner, charitable account supervisor or philanthropic expert consultant?

(13) What are the differences between donor qualification examiners, charitable account supervisors and philanthropic expert consultants, since they are all called professionals?

(14) What are the principles of management of and service provision by professionals？

(15) What is a qualified donor? How can I become a qualified donor? Does the Charity have special requirements for the status of qualified donors?

(16) What is an exclusive registration code? How can I obtain and use it?

(17) How does the Charity divide the approval authorities regarding the contribution, investment and granting services of charitable accounts?
【Open a Charitable Account and Contribute Charitable Assets】

(1) Why does the Charity encourage donors to conduct charitable activities through charitable accounts? What is the structure of a charitable account? Who are the relevant parties of a charitable account?

(2) What are the relationships among the relevant parties of a charitable account?

(3) What are the roles and authorities of the relevant parties of a charitable account?

(4) What is the Giving Circle? Can it be managed and operated through the structure of a charitable account?

(5) How can I open a charitable account?

(6) What will result in the freeze on my charitable accounts？

(7) If my charitable account is frozen, is its function limited?

(8) Can I apply to restore my frozen charitable account?

(9) Does the Charity charge any fees when restoring a frozen non-general charitable account?

(10) What is the design concept of the operational mechanism of a charitable account?

(11) Why does the Charity set quite high requirements for the amount of initial and subsequent contributions during the pilot stage?

(12) What is the Charity’s requirement for the amount of my initial contribution during the pilot stage?

(13) If I have completed the initial contribution, what is the requirement for each subsequent contribution during the pilot stage of the Charity?

(14) During the pilot stage of the Charity, is there any exception to the requirements for the amount of initial and subsequent contributions?

(15) Can I contribute to other’s charitable accounts?

(16) If I do not want to open any charitable accounts, can I still contribute to the Charity?

(17) Who can apply for general charitable accounts? How to appoint the relevant parties of a general charitable account?

(18) Can an investor of an investment management organization as Strategic Cooperation Partner open charitable accounts in the Charity and make contributions?

(19) Why can’t others contribute or transfer charitable assets to my charitable account that is successfully opened?

(20) Can I make contributions anonymously?

(21) What kind of assets can I contribute to charitable accounts?

(22) Does the Charity accept cross-border charitable contributions?

(23) Can the Charity act as a legatee?

(24) What kind of tax incentives can I enjoy if I make contributions to the Charity?

(25) Does the Charity accept every contribution?

(26) Does the Charity charge any fee if I open a charitable account in the Charity or make contributions?

(27) Can a charitable account holder designate a successor?

(28) When the DAF Charity receives charitable contributions or serves as a trustee, does it have to conduct record-filing?
【Investment of Charitable Assets】

(1) How does the Charity invest the charitable assets during the pilot stage?

(2) How does the Charity invest the charitable assets during the early operation stage?

(3) How can I give investment advice? What investment products or plans can I choose from?

(4) If I contribute more than a certain amount, can the Charity customize a special investment plan for me?

(5) How is investment income distributed and managed?
【Granting of Charitable Assets】

(1) How can I give grant advice? What should be included in a piece of grant advice?

(2) Before I give grant advice, can I contact a qualified grantee on my own (e.g., to make a pledge or promise to a qualified grantee)?

(3) How to become a qualified grantee of the Charity?

(4) What is the relationship between the Charity and qualified grantees?

(5) What fees shall be paid to apply for the qualification vetting and review of qualified grantees?

(6) How much is the application fee？How can I pay it？

(7) Is there any preferential policy regarding the application fee?

(8) After a non-profit organization becomes a qualified grantee of the Charity, how can it retain such qualification?

(9) Under what circumstances will the Charity actively freeze the qualification of a non-profit organization as qualified grantees?

(10) Can a non-profit organization regain its qualification as a qualified grantee after its qualification has been frozen?

(11) Can my name be omitted from the attached email sent to a qualified grantee by the Charity after a grant is made?

(12) Will the Charity approve my grant advice?

(13) Can charitable account advisors revoke their grant advice?

(14) What are the information disclosure duties of qualified grantees after receiving grants from the Charity?

(15) What are the Public Welfare Project Information Management Service Platforms?

(16) What is a qualified grantees’ supervisory institution?

(17) What are the duties of qualified grantees’ supervisory institutions?

(18) How do charitable account advisors or the Charity select qualified grantees’ supervisory institutions to provide supervisory services?

(19) Is the Charity entitled to change the qualified grantees’ supervisory institution appointed by the charitable account advisor?

(20) What if the charitable account advisor disagrees with the service plan concerning the appointment or the change of qualified grantees’ supervisory institutions provided by the Charity?

(21) How to charge the service fee when receiving services of qualified grantees’ supervisory institutions?

(22) What is the relationship between the Public Welfare Project Information Management Service Platforms (hereinafter the ‘Information Platforms’) and the qualified grantees’ supervisory institutions?

(23) Does the Charity have other supervisory duties towards qualified grantees in addition to requiring qualified grantees to fulfill the duty of basic information disclosure towards the public and the duty of real-time and process-based information disclosure towards specific parties, as well as receive special supervisory services upon the request of charitable account advisors or the Charity?

(24) How do the Charity and qualified grantees communicate and settle disputes?
【Other】

(1) What is the multi-level and multi-entity training model promoted by the Charity?

(2) What are the DAF-Giving Charitable Training Projects?

(3) What is the DAF Philanthropic Expert Consultant Training Program?

(4) What is the China DAF (Donor Advised Fund) Forum?

(5) What is the relationship between the China DAF Forum and the Charity?

(6) What is the DAF Family Legacy Office?

(7) What is the relationship between the China DAF Forum and the DAF Family Legacy Office?

(8) What is the DAF Family Legacy Online Learning Platform?

(9) What is the relationship between the China DAF Forum and the DAF Family Legacy Online Learning Platform?

(10) What are the platforms that jointly construct and promote the DAF Ecosystem in China? What is the positioning of each platform on the DAF Ecosystem?

Contact Us

010-59572322 (from Monday to Friday, 9:00-17:30)
Info@DAF-charity.org.cn
Room 501, Block 4, Shenzhen Adolescent Activity Center, 1001 Hongli Road, Futian District, Shenzhen

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