Authorized Representative Onboarding Application

Authorized Representative Onboarding Application
Page 1 of 10 - Authorized Representative Information
Estimated Time to Complete: 10-15 Minutes
Who is completing this onboarding application?*

Authorized Financial Advisor for the DonorAuthorized Representative of the DonorOther
If Other, what is your role*
Authorized Person Name*

First NameLast Name
Authorized Persons Phone Number*
Please enter a valid phone number.
Authorized Persons Primary Email*
example@example.com
CRD #*
Enter N.A if you are not a registered advisor
SEC #
Company Name*
Company that employs the authorized person
Company Mailing Address*

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code

Page 2 of 10 - Brochures Upload - Most Recent
Please Upload ADV 2a

Cancelof
Please Upload ADV 2b

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Page 3 of 10 - Terms and Conditions - General
Does the authorized representative understand and accept that Innovative Donor Advised Funds (IDAF) does not provide tax, legal, or investment advice and the authorized representative agrees to consult a qualified professional before making advising the donor?*

YesNo
Does the authorized representative understand and accept that donations to Innovative Donor Advised Funds (IDAF), a 501(c)(3) non-profit are irrevocable, donations are accepted on the date received, and that confirmation of the donation will be sent to the donor?*

YesNo
The authorized representative understands and agrees to electronic communication and to conduct business using secure electronic signature platforms?*

YesNo

Page 4 of 10 - Terms and Conditions - General
Does the authorized representative understand and accept that grant requests must pass Innovative Donor Advised Funds (IDAF) due diligence process before the grant will be distributed? Innovative Donor Advised Funds retains the right to decline a grant request if it do not pass the due diligence process.*

YesNo
Does the authorized representative understand and agrees not to request grants to Qualified Organizations that are providing grants or scholarships directly to the authorized representative, donor and/or the donors immediate family members?*

YesNo
Does the authorized representative understand and agrees to only request grants payable to Qualified Organizations as defined by the Internal Revenue Services?*

YesNo
Does the authorized representative understand and agrees not to request grants to Qualified Organizations who's primary activity is a sports or extracurricular activity disproportionally benefits the authorized representative, donor and/or donors immediate family members?*

YesNo

Page 5 of 10 - Terms and Conditions - Account Billing
Does the authorized representative understand and agrees to provide Innovative Donor Advised Funds (IDAF) with the fee billing arrangement for each account before the account opening for IDAF approval*

YesNo
Does the authorized representative understand and agrees to have a maximum advisory fee that does not exceed 1.5% of the account balance?*

YesNo
Does the authorized representative understand and agrees to provide Innovative Donor Advised Funds (IDAF) with a billing statement, in PDF format, at the same time that fees are billed?*

YesNo
Does the authorized representative understand and agrees to exclude investments with investment management fee sharing or commissions?*

YesNo

Page 6 of 10 - Terms and Conditions - Account Management
Does the authorized representative understand and agrees to keep a minimum cash balance of $250?*

YesNo
Does the authorized representative understand and agrees to create the cash to process approved grant requests and to journal the cash to the IDAF clearing account withing five (5) trading days? Note: Instructions will be sent to the representative via e-signature form for each grant request.*

YesNo
Does the authorized representative understand and agrees to provide the account number and pin number with every request? Note: The account number and pin is confidential information and should not be shared.*

YesNo

Page 7 of 10 - Terms and Conditions - Investment Policy Terms
INVESTMENT POLICY TERMS

In order to ensure that the donor assets are invested in a prudent manner, Innovative Donor Advised Funds (IDAF) has set forth the following investment guidelines:

• Donor advised funds (DAFs) must be appropriately diversified based on articulated investment strategy at all times (e.g., across securities, issuers, sectors and countries)

Approved investments:
• Cash, individual bonds, individual stocks, mutual funds and ETFs
• Professionally managed portfolios are monitored and continuouly aligned with the Investment Policy Statement and Portfolio Design Guidance agreed to by the donor and IDAF
• Innovative Donor Advised Funds (IDAF) reserves the right to determine whether an account should be further diversified. All accounts are subject to the Prohibited Investments and Transactions terms
• The investment allocation target and/or portfolio design will need to be sent to Innovative Donor Advised Funds if requested
Does the authorized representative agree to adhere to the Investment Policy terms listed above?*

YesNo

Page 8 of 10 - Innovative Donor Advised Funds - Prohibited Investments and Transactions
PROHIBITED INVESTMENTS AND TRANSACTIONS

The following investments and transactions are prohibited unless otherwise approved by the Trustees:

• Real estate, except as held in a diversified REIT, ETF or mutual fund position
• Closely held entities (i.e., Limited Liability Company, Limited Partnerships, General Partnerships, S Corporations)
• Oil and gas interests
• Non-publicly traded structured products
• Futures, warrants or other leveraged investment strategies that employ derivatives, synthetics or forward contracts
• Promissory notes and mortgages
• Annuities
• Life insurance
• Options
• Alternative investments
• Master limited partnerships (MLPs) that generate unrelated business income tax (UBIT) for tax-exempt investors (generally indicated by the issuance of Form K-1); MLPs that provide 1099 reporting are usually acceptable
• Any other types of investments that may generate unrelated business income tax (UBIT)
• Debt-financed or leveraged investments
• Investments in a participating advisor’s or affiliate’s own stock or debt and investments in for-profit companies
for the purpose of exercising control or management
• Any other types of investments that the Trustees may deem unsuitable or inappropriate
Does the authorized representative agree to adhere to the Prohibited Investments and Transactions terms listed above?*

YesNo

Page 9 of 10 - Innovative Donor Advised Funds - Service Fee Agreement
The Innovative Donor Advised Funds (IDAF) Service Fee is automatically billed and debited from the donors dedicated donor advised fund monthly, on the first business bank day, in advance. Billing and services will cease if the donors dedicated donor advised fund account does not have a balance aqdiquate to pay the services fees.

A services fee is billed and debited from the donors dedicated donor advised fund account for each grant request submitted. The service fee is owed even if the grant request was declined. The grant service fee covers the due diligance process undertaken by IDAF.

Service Fees - Effective 1/1/2025

- Initial Account Set Up: $50 - in Advance

- Monthly Account Maintaince Fee: $50 - In Advance

- Grant Service Fee - $50 - Due and debited at the time of the grant request submission

- Charitable Planning Consulting - By request only and with a seperate engagement letter. Consulting fee starts at $250 hourly, one hour minimum, and is billed in advance or arrears based on the engagement letter terms.

Service Fees debited are shown on your account statement and details can be provided on request.

Fees are subject to change and advance notice will be provided.

In the event of a conflict between the terms in this section and the terms and conditions in the Donor and Advisors Agreement. The Donor and Advisors Agreements terms and conditions supersedes.

Page 10 of 10 - Innovative Donor Advised Funds - Service Fee Agreement
Donor and Advisors Agreement*

Next Steps

1. Read this information and contact us or if you have any questions

2. Your application will be reviewed and if anything is missing or unclear, we will contact you for additional information.

3. Once your application is approved. You will recieve a welcome letter via the mail and email that provides you with your account number and your confidential six-digit pin number.

NOTE: The Account Number and Six Digit Pin will be required on all form submissions in order to authenticate your requests. Please keep them confidential.

4. Press Submit Below if your application is complete.

Thank you for completing the application! We are looking forward to working with you.

Micah Landis

Executive Director

Innovative Donor Advised Funds

501(c)(3) Non-Profit - EIN 99-4321241
Signers Full Name*

First NameLast Name
Signature* Application Approval Signature
Alternative E-Sign Signature:
Alternative E-Sign Signer Full Name:
Alternative E-Sign Signing Date:
Should be Empty: