DONOR ADVISED FUNDING - How It Works

The future of the Church means collaborating in new ways. In the spirit of Giving, our people work with the flexibility to do what’s right for themselves, one another and the communities we are a part of. And we’ll keep evolving the way we work to ensure everyone can thrive and participate in Giving to the work of the Lord!

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Please check with your HRD (Human Resources Department) and ask if they participate in any type of Donation Matching Program (DMP) or Donor Advised Funding (DAF), like Benevity.  Many large corporations worldwide, such as Google, Fidelity or Charles Schwab, will match their employee’s charitable contributions on a dollar-for-dollar basis, effectively doubling YOUR support!

A donor-advised fund, or DAF, is like a charitable investment account for the sole purpose of supporting charitable organizations you care about.

 

With a Donor-Advised Fund, an individual makes a charitable donation to a fund sponsor, such as a nonprofit foundation or an investment firm such as Benevity. The donor takes a tax deduction in the year the initial fund was established, and then the money can be distributed in subsequent years by the fund sponsor under the advisement of the donor.

 

When you contribute cash, securities, or other assets to a donor-advised fund, you are generally eligible to take an immediate tax deduction. Then those funds can be invested for tax-free growth, and you can recommend grants to any eligible IRS-qualified public charity.

 

You want your charitable donations to be as effective as possible when you give. Donor-Advised Funds are the fastest-growing charitable giving vehicle in the United States because they are one of the easiest and most tax-advantageous ways to give to charity.

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Contact Us for more details about how Benevity Donor Advised Funding works 

and the Tax Benefits to you and your organization.