Giving through a Donor-Advised Fund

Not only do you have options for how your gift will be used, you also have options on what to give and how to give. There are gifts that cost you nothing now, gifts that pay you income, and gifts that allow you to decide what happens when.

Gifts Through a Donor Advised Fund

The benefits of using a donor advised fund (utilizing Everence Foundation) are many and, with the new tax laws, are growing in appeal to strategic donors. They are far easier to establish than a private foundation and allow you to support Blessings of Hope with relatively small amounts of money.

A donor advised fund (DAF) can be the strategic receptacle for many other gifts including appreciated stock, real estate, and beneficiary gifts. Through our partnership with Everence Foundation your gift can be allocated as you instruct with tax benefits in the immediate tax year. with relatively small amounts of money.

How does it work?

When you open a donor advised funds (DAF), you are creating a separate entity with the sole purpose of using the assets under management to support qualified charities.

You can fund it by irrevocably contributing assets such as cash, appreciated stock, insurance proceeds, or various other forms of capital. Given that your DAF is a separate entity, you can take an immediate tax deduction for the amount of the gift.

As advisor to the fund, you can elect to manage the investments personally or choose to have an investment advisor manage the portfolio.

The two primary avenues of supporting Blessings of Hope with your donor advised fund are through a beneficiary designation and recommending grants.

Beneficiary

By assigning Blessings of Hope or other charitable organizations as a beneficiary, you are ensuring that when the DAF ceases to have an advisor the assets in the account get transferred to Blessings of Hope.

Grants

While you or your assigned successor(s) are advising the fund, you can recommend grants from the fund to support Blessings of Hope or other charitable organizations.

What are the Benefits?

  • Receive an immediate deduction on your taxes.
  • Assets in the fund grow tax free.
  • Easier, and less expensive than establishing a private foundation.
  • Allows you to get started with a relatively small amount of money, as low as a $500 gift.
  • Tax smart for those using a “lumping” strategy under the new tax laws.

With a low barrier to entry and multiple ways to create charitable impact, DAFs are a great strategy for charitable giving. If you have questions about setting one up, or want more information please contact Blessings of Hope.

Lets keep it simple – YES, you can join the miracle!

To simplify your gifting process, Blessings of Hope has partnered with the Everence Foundation to underwrite our planned giving instruments and greatly simplify the gifting process. With over $4 billion in assets and shared values, you can be assured that the very best financial ethical management is in place before, during and after your gift is made.

In association with Everence Charitable Services and underwritten by the Everence Foundation, our charitable instruments empower YOU to achieve your charitable goals in an environment of shared spiritual and ethical values. All this while helping Blessings of Hope carry forward the message of HOPE.

Should you choose to contact Everence directly, the contact information is:

Everence
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This site is informational and educational in nature. It is not offering professional tax, legal, or accounting advice. For specific advice about the effect of any planning concept on your tax or financial situation or with your estate, please consult a qualified professional advisor.

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