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Recommend your account's remaining assets go directly to nonprofit organizations as a last testament to your charitable mission by endowing final or recurring grants.
Recommend final grants to charity. Recommend one or more charities to receive a final grant from your remaining account balance.
Transfer remaining account assets to Vanguard Charitable's Philanthropic Impact Fund. The Philanthropic Impact Fund is managed by Vanguard Charitable's board of trustees and used to issue grants primarily to nonprofits whose work seeks to improve philanthropy by developing and delivering resources to help donors make effective giving decisions and help charitable organizations operate efficiently.
Establish recurring grants. Recommend one or more charities receive a recurring grant based on a percentage of your remaining account balance through an endowed grant plan.* Total annual distribution must exceed 5% and can be distributed across any month except November or December, because of seasonal transaction volume. Over time, remaining account funds will continue to grow tax-free through investments.
Charities identified as recurring or final grant recipients in the succession plan will be subject to review once the plan is enacted to ensure they remain in good standing with the IRS. If a charity ceases to exist or no longer meets the IRS guidelines for qualified grantee organizations, Vanguard Charitable will choose a comparable charity to receive the grant.
*Endowed grant plans must use 100% of an account's remaining assets and cannot be combined with other succession plan options. Please review our Policies and guidelines for more information.