AEF is competent, flexible, and cost effective. After working with several foundations over several decades, AEF is my favorite. They know their business and have fun doing it.
It becomes important for financial advisors to have available an independent outlet for donor advised funds - one that our clients can use to direct their investments in the fund and one in which the financial advisor can stay involved. One of the very few donor advised fund sponsors we have found that is truly independent as a public charity and is not in the investment sales business is American Endowment Foundation.
AEF provides my clients with the grantmaking flexibility of a private foundation without the administrative burdens. AEF has enabled my clients to experience the grantmaking process of a private foundation without significant financial commitments.
After considerable research, I started using AEF for my clients in 1999. My clients and I appreciate AEF’s convenience, efficiency, independence, flexibility, and friendly personal service that one just cannot get with the big (and often non-independent) funds. As both an investment advisor and as a donor with my own family fund at AEF, I know from first hand experience that AEF makes it easy for us to do business with them
When Pat and I established our Donor Advised Fund with AEF in 1998, our purpose was to make current gifts to the charities we support and to create an entity that would be the future recipient of our charitable remainder trust, as well as the vehicle to receive our “social capital” under our estate plan. We were impressed with the benefits and flexibility of working with AEF. We can be the advisors to the Mathis Family Charitable Fund for our lifetime and have the option to appoint successor advisors in the future.
" We had several goals in mind when the Solomon Family Foundation Donor Advised Fund was established at AEF. First, we wanted to share our unusual good fortune in business and life with worthwhile charitable endeavors- yet, we did not have specific organizations in mind at the time to actually distribute the funds directly to them. Second, we wanted to instill a sense of philanthropy in our children. With their advice, we’ve managed to award more than $800,000 to worthwhile causes in the past eight years. Third, we wanted to limit the amount of our estate distributed to our children to a level which would help care for their needs, but not distort their lifestyle. Fourth, we wanted to create a source of funds for them to distribute to worthwhile charitable endeavors so that they could share our joy of helping others. Fifth, we wanted to grow our funds for future grant making by recommending our trusted investment advisor. Our judgment is that we have achieved success in all of those goals."