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Donor-Advised Fund (DAF) and Noncash Giving
WHAT IS A DONOR-ADVISED FUND (DAF)?
WHAT TYPE OF ASSETS CAN YOU GIVE?
A donor-advised fund or giving fund works like a charitable checking account. You can contribute assets such as cash, stocks, business interests, real estate, and other noncash assets. And when you are ready to give, you go online and recommend grants to a charity.
WHAT ARE THE BENEFITS OF A DAF?
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Ensures grants meet IRS standards
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You spend less in taxes, so more money goes to charity
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Personal savings - full tax deduction means savings on tax returns
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Investment options to help your fund grow
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Manages all your giving online and from one fund.
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Reduces paperwork and receipts
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Appreciated securities –Stocks, bonds, mutual funds
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Business interests – Ownership in closely-held businesses
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Real estate – Land, houses, or other property
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Personal property – Royalties, copyrights, patents, or gold
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Other creative gifts –Loan notes, estate gifts, retirement plans
If you are interested in setting up a DAF or giving fund, CCI works with the National Christian Foundation (www.ncfgiving.com) and Fidelity (www.fidelitycharitable.org,
Acct # Z50-224928).
The donor donates cash, stock, and other noncash gifts to a Donor-Advised Fund. The donor receives an income tax deduction and avoids capital gains tax. From the DAF, the donor then recommends grants to the causes and charities he/she cares about.
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