TIAA Wealth Management Makes Charitable Giving Part of the Financial Plan With New Donor-Advised Fund Program
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.
As of December 31, 2025, Foundation Source supports more than 5,600 private foundations, 20,000 DAF accounts, and 1,700 nonprofits, administers more than $55 billion in charitable assets and facilitates more than 190,000 grants and planned gifts representing more than $4 billion in charitable aid annually.
About Charityvest (charityvest.org)
Charityvest is a 501(c)(3) public charity and a donor-advised fund (DAF) sponsor on a mission to catalyze more generosity via modern technology. In October 2024, Foundation Source, the leading provider of philanthropic software and services, acquired Vennfi, the fintech company powering Charityvest. Today, Charityvest combines its mission-driven approach with Foundation Source's technology and experience to deliver secure, streamlined and accessible giving solutions for individuals, families and organizations. Learn more and open your personal giving account at charityvest.org.
About TIAA
Our mission is to ensure a more secure financial future for all. As a leading retirement, wealth and asset manager, the company has delivered investment options and guidance to help people pursue prosperity that lasts across market cycles and generations. TIAA has nearly $1.6 trillion in assets under management (as of 06/30/2026) 2 and has paid more than $6.17 billion in lifetime income to retired clients in 2025. 3
For more information, visit www.tiaa.org/about.
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TIAA Wealth Management is a division of Teachers Insurance and Annuity Association of America (TIAA), which offers investment products and services through TIAA-CREF Individual & Institutional Services, LLC, a registered broker-dealer and investment adviser, member FINRA and SIPC.
The TIAA DAF Program is offered in partnership with DAF sponsor, Charityvest, Inc., a 501(c)(3) public charity. TIAA and TIAA-CREF Individual & Institutional Services, LLC are not affiliated with Charityvest. Under an agreement with Charityvest, TIAA-CREF Individual & Institutional Services, LLC receives advisory fees for providing investment advice to donor-advised funds sponsored by Charityvest. TIAA and TIAA-CREF Individual & Institutional Services, LLC do not provide legal or tax advice. Contributions to a donor-advised fund are irrevocable charitable gifts. Tax deductibility depends on whether you itemize deductions and other individual factors. Consult your tax advisor for guidance specific to your situation.
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1 Charityvest operates on Foundation Source's enterprise-grade infrastructure, which supports tens of thousands of charitable funds nationwide.
2 As of June 30, 2026, assets under management across Nuveen Investments affiliates and TIAA investment management teams are $1,599 billion.
3 As of December 31,2025, TIAA paid out $6.17 billion in total annuity income. This figure represents all annuity income, including guaranteed and additional amounts, for all of TIAA's annuity products.
SOURCE TIAA
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