New charitable giving solution combines tax-efficient investing, seamless digital experience, advisor guidance and access to 1.6 million IRS-qualified charities
NEW YORK, Sept. 28, 2026 /PRNewswire/ — TIAA Wealth Management today announces the TIAA Donor-Advised Fund (DAF) Program giving clients, many of whom have spent careers in service to others, a tax efficient way to formalize their charitable giving. The program is fully integrated within the client’s broader financial plan including tax strategy and estate planning with support from their TIAA Wealth Management advisor team.
“Our clients are educators, healthcare professionals, and nonprofit employees who have chosen careers of service, and many want to extend that mission through strategic giving,” said David Nason, CEO of TIAA Wealth Management and Advice Solutions. “The TIAA Donor-Advised Fund allows them to do so tax-efficiently, keeping their charitable giving within their financial plan and managed by an organization they trust.”
Through a partnership with Charityvest1, a 501(c)(3) public charity powered by Foundation Source, TIAA Wealth Management clients can open a donor-advised fund working with their advisor and the process is seamlessly integrated with their existing TIAA digital experience. Once contributions are made to a donor-advised fund account, the assets will be invested in one of seven TIAA model portfolios. Contributions will grow tax-free before the donor recommends grants to any of the 1.6 million IRS-qualified charities.
“Charityvest was built to make purposeful giving easier and more accessible” said Stephen Kump, President of Charityvest and President, DAF Division at Foundation Source. “Partnering with TIAA Wealth Management allows us to bring that experience directly to TIAA’s clients, many of whom have spent their careers in service to others, giving them tools to grow and direct their charitable dollars in a way that’s seamless, tax-smart, and intentional.”
The program features a streamlined enrollment experience through TIAA.org and includes automated transaction processing, electronic grant delivery, charity gift cards, collaborative giving tools, and impact investing options.
About Foundation Source (foundationsource.com)
Foundation Source is the leading provider of philanthropic software and services. A pioneer in philanthropic technology, Foundation Source is the partner of choice for integrated, enterprise-grade solutions spanning private foundations, donor-advised funds and planned giving programs. Its flexible suite of tools and resources includes end-to-end administrative support for the most popular charitable vehicles, specialized compliance, tax, development and consulting capabilities, and deep domain expertise to help maximize impact, mitigate risk, and improve efficiency for all parts of the philanthropic ecosystem. Foundation Source works with donors, nonprofits, wealth advisors and financial institutions to launch, enhance or augment charitable initiatives with turnkey, white-label and outsourced offerings that meet a wide range of philanthropic objectives quickly, professionally, and compliantly.
