Give Interactive, LLC has launched Give Legacy Fund, a platform for perpetual giving vehicles aimed at charitable fund sponsors. Give Interactive describes itself as a financial technology platform built for the investment management complexity of charitable giving vehicles.
The proposition addresses a structural gap. Perpetual, endowment-style giving has historically been institutional territory: universities, hospitals and large foundations hold funds indefinitely under formal spending policies. Individual families wanting the same structure have generally had to establish a private foundation or ask a sponsor to build a bespoke arrangement, typically reserved for the largest relationships.
Give Legacy Fund allows a family to establish a named legacy fund using the same building blocks. Portfolios can be constructed as commingled or pooled strategies, direct private equity and other direct private investments, separately managed accounts, or a combination.
Distribution rules are configurable and designed to run in perpetuity. A designated grant module allows fund holders to set distributions as a fixed dollar amount, a percentage of fund value, or a blend, so payouts flex with investment performance while preserving corpus.
The platform also automates compliance work that sponsors have generally handled manually or outsourced, including §4943 excess business holdings monitoring, spending policy and prudent spending rate compliance, distribution and corpus preservation tracking, and minimum balance thresholds. According to the company, this administrative burden has been the principal reason sponsors could not extend perpetual funds beyond their largest relationships.
Administrators can set target allocations and rebalance an entire book of funds in a single action, and dedicated modules support longer-duration public and private portfolios. Give Legacy Fund can be priced and billed as a separate product line from a sponsor's standard donor-advised fund fee structure.
"Over the past decade, we've continued to see more demand for private-foundation and family-office-style tools inside the donor-advised fund and charitable administration space," said Lucas Cherry, founder and chief executive of Give Interactive.
For family offices, the relevant question is comparative structure: whether a perpetual sponsor-administered vehicle delivers the governance and investment flexibility of a private foundation at materially lower administrative cost.
UKFOS Editorial · 29 JULY 2026