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Dechomai Foundation, Inc. is a national public charity headquartered in Atlanta, Georgia whose
focus is on accepting and granting donations of non-cash assets to charities, whether the
charity is Dechomai or some other organization.
The Foundation was established by professionals with extensive experience in both the non-profit and the for-profit arenas and whose collective vision is to dramatically increase charitable donations throughout the U.S. by making it easier for other charities to accept assets that have traditionally been difficult to receive and liquidate.
Dechomai Foundation, Inc. is governed by a Board of Directors. All day-to-day managerial,
administrative and operational functions are provided by Charitable Solutions, LLC, a Jacksonville,
Florida-based limited liability company.
Dechomai Foundation allows other charities to outsource the expertise needed and the
potential risks inherent in accepting many non-cash assets. The Foundation will, after approval from its Board of Directors, 1) accept the donation of the non-cash asset, 2) provide administrative services for holding and liquidating the non-cash asset, and 3) finally, grant the net proceeds of the sale of the non-cash asset to the originating charity upon Board approval.
Although the Foundation does not intend to actively solicit donations from individuals,
Dechomai will work with anyone who wishes to donate a non-cash asset to any recognized U.S.
charity. The primary “market” for Dechomai’s services, however, will be other charitable
organizations from which the non-cash donation will originate. These referring charities –
whether due to time constraints, limited capacity, lack of expertise, or desire to avoid liability – will refer the donor to Dechomai Foundation, which will in turn accept, administer and liquidate the non-cash donation and then grant out the net proceeds.
If the referring charity wishes, Dechomai Foundation will keep it up-to-date on the donation process. All official communications, however, will be between the Dechomai Foundation and the donor and NOT the originating charity.
The donor and his or her representatives should perform due diligence to become comfortable working with the Dechomai Foundation, Inc. The donor may recommend that the net proceeds from the liquidation of the non-cash donation be made to the referring charity or other charities. That grant, just as is the case with the acceptance of the non-cash donation, is subject to approval by Dechomai’s Board of Directors.
All official communication pertaining to the specific non-cash donation will come from
Dechomai Foundation, Inc., not the referring charity.
Commercial, residential, net leased property, limited partnerships and limited liability companies, mortgages, operating partnership units
Restricted stock (Section 144 and 145), closely-held stock (also known as “privately held”), S-corporation stock
Limited partnerships and limited liability corporations, installment notes and other miscellaneous assets
– cars, planes and boats are generally not accepted
– art, collectibles and antiques are considered on a case-by-case basis
$100,000 or higher; the minimum fee is $10,000
Dechomai Foundation will charge between 1 and 3 percent for its services, based on the size and complexity of the asset. An initial audit is performed at no charge to determine the complexity, estimated time and estimated fee involved in
accepting and administering the non-cash donation (up to three hours).
A donor should involve everyone he or she typically consults on tax and estate planning
issues. Dechomai Foundation, its administrative service providers, and its
other affiliates DO NOT provide tax or legal advice.
A liquidation plan is developed for each non-cash asset. A large, national network of private
and institutional investors has been developed to mitigate some of the market’s inefficiency for illiquid, non-cash assets. Dechomai may also hire a broker to market the property.
As one might suspect, there really is no “typical” non-cash donation. From gift acceptance to granting the net proceeds can take anywhere from a couple of weeks to a few years, depending on the complexity and marketability of each non-cash donation.
After the donor contacts Dechomai, he/she will receive a sample gift illustration, disclosure letter and fee schedule. The donor’s attorney must create the trust, naming Dechomai as trustee. The donor then transfers the assets to the trust. Dechomai is responsible for the trust’s investment management and administration for the entire term.
When the trust terminates, the remainder will be transferred to a donor-advised fund. The donor must leave instructions for the ultimate grant so that Dechomai can approve 100 percent distribution of the proceeds as a donor-advised distribution.
Dechomai uses exchange-traded and index funds to keep fees as low as possible and
rebalances the portfolio once each year.
Dechomai has a minimum gift annuity of $25,000.
Typically, cash or marketable securities are the funding assets. However, we may also consider various forms of non-cash assets on a case-by-case basis.
After the donor contacts Dechomai, he/she will be provided with a sample gift illustration. We then will provide a disclosure letter, fee schedule and gift annuity agreement. The donor transfers the assets to fund the gift annuity and executes the agreement.
Dechomai makes the contractual payments for as long as the donor lives and then places the residuum into a donor-advised fund. The donor must leave instructions for the ultimate grant so that Dechomai may then approve a final distribution of 100 percent of the proceeds as a donor-advised distribution.
Dechomai uses exchange-traded and index funds to keep fees as low as possible and
rebalances the portfolio at least once each year.
Dechomai has a minimum charitable trust size of $100,000.
Typically, cash or marketable securities are the funding assets. However, we may also consider various forms of non-cash assets on a case-by-case basis.