3 Timely Reasons to Consider a DAF
Donor-advised funds have exploded in popularity over the past few years. As a result, more and more supporters are giving to Guiding Light through these types of accounts.
Why? Well, for many people, it’s all about time.
Like a “charitable giving account,” a donor-advised fund allows you to give cash or non-cash assets (such as stock, real estate business interests or commodities) into a single fund. Then, at a time that works best for you, you can recommend grants be made from that fund to Guiding Light and the other ministries close to your hearts.
Giving through a donor-advised fund presents three timely benefits.
- Receive an immediate tax deduction at the time of your gift. This is particularly beneficial when you’re trying to beat the clock for end-of-the-year giving. So long as you deposit your gift into your donor-advised account by December 31, you can claim credit on this year’s taxes. You can decide later how best to distribute the funds.
- Address real-time ministry needs. The administrator for your donor-advised fund will manage and liquidate your stock, real estate and other non-cash assets. Then, whenever you feel compelled to give, you can promptly direct those funds to ministry.
- Save time when giving to multiple ministries. Because you have a generous heart, we know you probably support other causes besides Guiding Light. Streamline your giving and record-keeping by gifting all cash, stock or other appreciated assets into a single charitable account.
Is it time for you to consider a donor-advised fund?
Through Guiding Light’s partnership with Barnabas Foundation, you have access to the Steward’s Fund, a donor-advised fund that supports your Christian values. When you give to the Stewards Fund, you can be sure your gifts will be used only in ways that bring glory to God and serve the needs of His treasured creation. To learn more, call Starla McDermott at 616-451-0236 x20 or email Starla@GuidingLightWorks.org.
