SINGAPORE – Donor-advised funds in the United States reached a new record number for the year of 2013 with an estimated total amount of $45 billion, according to the Chronicle of Philanthropy. While the idea of donor-advised funds has been around for many years, it only started to gain popularity amongst Americans in recent years. The principle behind it is fairly straightforward: Community foundations and for-profit companies provide funds in the form of charitable giving accounts that are easily accessible and often less expensive than establishing a private foundation. Donors decide exactly how their monetary contribution should be invested, before the money is given to a charity of their choice, while the sponsoring organization takes care of due diligence and record keeping.
Founder and Managing Director of Selacorp, David Selakovic, is proud of his company’s donor-advised fund program, which is part of the organizations extensive philanthropic efforts and actively supports a number of important socio-civic areas that are much beneficial to society. The fund program focuses in particular on the creation of educational opportunities. “We believe that education is a vital tool for progress and development and to do that, students have to enjoy studying without feeling limited by financial situations. We support educational organizations in supporting underprivileged young students to enjoy the opportunity to study and pursue their goals,” explains Selakovic. Programs include scholarship grants, after school programs, as well as cultural and educational programming for students all across the world. The donor-advised funds program is only part of Selacorp’s efforts to meet the company’s goals of exercising philanthropy and expanding services to charities. The organization has contributed considerable amounts over the years and has taken steps to support others by providing free financing advice and solutions to nonprofit organizations and charities.
Selacorp is a leading global company specializing in strategic IT resources and intellectual asset management that was founded by David Selakovic and is based on three vital qualities: strategy, innovation and dynamics. Thanks to Selakovic’s expertise as an information technology software architect and developer and to his motivated and competent service team, he has succeeded in offering a complete business solution for technology, research and innovation, which sets itself apart from competitors due to its broader spectrum which covers solutions from different angles and aspects. As a result, the passionate and competent service team at Selacorp excels at providing flexible, creative and resourceful services, products and innovations that live up to global expectations.
Renowned business leader and passionate investor, David Dragan Selakovic has a consistent record of founding successful companies, establishing high performance teams, and developing innovative strategies business initiatives. This reputation has made Selakovic a much thought-after corporate adviser who is known for his entrepreneurial zest and for creating highly productive teams. His core competencies include building dynamic, successful businesses that are able to quickly thrive and become key players in their industries. Originally from Europe, Selakovic considers himself a world citizen who is currently based in Singapore. His innovative spirit drives him to constantly create and build, with regards to both new business ideas as well as his philanthropic endeavors.