Charitable Giving’s New Growth Opportunity^®

Winklevoss Consultants introduces a new charitable giving vehicle designed for major gift donors who are seeking a more participatory role in directing the investment of their charitable contributions. The Donor Managed Investment Account® Program can improve the quality of a donor’s philanthropic support by providing them with greater investment freedom than currently available giving alternatives. The patent-pending DMI Account® Program offers donors the ability to actively manage the investment of their contributed assets—and accrue investment gains tax free—after the assets are gifted. With access to a virtually unlimited choice of investment alternatives (subject only to certain IRS rules and nonprofit guidelines), donors can implement their own investment strategies or work with their preferred investment advisors to grow donated assets for the benefit of their chosen charities.

Research in the field of donor motivation by Dr. Paul Schervish, Director of the Center on Wealth and Philanthropy at Boston College and a collaborator in the development of the DMI Account Program, confirms the fact that many high net worth donors are keenly interested in the outcome that results from their charitable gifts, and would welcome having a greater influence on its investment performance.

The Internal Revenue Service has issued a favorable Private Letter Ruling to donors using the DMI Account Program to manage their charitable contributions, confirming that their gifts to a qualified charity were deductible (50% of AGI) for federal income tax and gift tax purposes. For investment-oriented donors interested in extending their effectiveness and influence in their philanthropic pursuits, the DMI Account Program offers an unmatched level of investment management control. Nonprofits offering the DMI Account to their donors gain the means and ability to attract incremental contributions and encourage earlier giving by their most significant donors. By allowing donors to directly manage the investment of contributed assets, nonprofits can offer an important connection that links their major supporters more closely to the development goals of the institution.