and how can you use it?
Have you ever been frustrated when trying to give to a charity? Wouldn’t it be great if giving were simple?
While we try to make giving online with Friends of Kijabe as easy as possible, there are circumstances where you may need extra help to give – especially for non-cash gifts like stock, real-estate, estate plans, or even the sale of a business.
I want to share the wisdom of my dear friends Brian and Shelly Johnston about Donor Advised Funds. Brian is a financial advisor in Atlanta and Shelly has worked for the National Christian Foundation, both have unique perspectives on giving.
You can watch Brian and I speak in the video link above or read Shelly’s summary here:
- A Donor Advised Fund is what we refer to as a “charitable checking account.” Once the money is in the DAF, it is technically owned by National Christian Foundation (and why donors receive a tax deduction); but as the Donor/Advisor on the fund, the donors have the opportunity to send the funds out to organizations that qualify as 501c3 charities, without the bother of the paperwork and checkwriting.
- Donors benefit from the gift of time with DAFs — they get their tax deduction upfront for any funds they contribute to their Giving Fund (aka DAF) at the time of their gift, but they can take as long as they would like in determining what charities or organizations to support with those funds…so it takes the pressure off a bit.
- DAFs can be funded with a wide variety of contributions — cash, publicly traded stocks or mutual fund shares, but also with many different non-cash assets, such as real estate, closely held (non-traded) stock, LLC’s, LP’s, etc. National Christian Foundation offers assistance to their donors in making such non-cash contributions possible by providing access to a team of estate planning and transactional attorneys they have on staff.
I hope this can be of use to you, both with your support of Friends of Kijabe and other charities!
National Christian Foundation: https://www.ncfgiving.com/solutions/giving-fund/
Fidelity Charitable Trust: https://www.fidelitycharitable.org