DONOR ADVISED FUNDS
Giving shouldn’t be complicated. If you are looking for a simple, flexible, and tax-wise way to manage your giving, consider a donor advised fund with GuideStream Charitable Gift Fund. Essentially a giving investment account, a donor advised fund allows you to make irrevocable charitable contributions when the timing is right for you and receive an immediate tax deduction. Donations to your fund are then invested for tax-free growth. When you are ready, you may recommend distributions from your fund to a wide variety of qualified ministries and charitable organizations. Donor advised funds are also a great way to start a giving conversation with your family and allow your legacy to continue after you are gone.
Open a Donor Fund
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Receive immediate tax benefits
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Grow funds
until ready
to give
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Distribute when ready
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KEY ADVANTAGES:
Flexibility
Make an irrevocable charitable contribution when the time is right and recommend distributions over time as you are ready.
Simplicity
Manage all of your giving in one place; give one gift and divide it among several
organizations over time.
Growth
Allow your irrevocable contributions to grow tax-free until distribution.
Tax Benefits
Immediately receive the tax benefits for your gift of cash, appreciated securities, appreciated real estate, and more. Consider “bunching” your giving to take advantage of itemized deductions in a given year.
Legacy
Involve your family in your giving, even beyond your lifetime.
FREQUENTLY ASKED QUESTIONS
What is the minimum contribution to open a donor advised fund?
The minimum amount for the initial contribution is $5000.
What is the minimum grant recommendation from my donor advised fund?
Distributions to qualified charitable organizations must be at least $250.
Can I set up recurring gifts from my donor advised fund?
Yes! You may make one-time recommendations or set up periodic recurring distributions.
Can I make a QCD from my IRA to my donor advised fund?
Unfortunately, the IRS does not allow qualified charitable distributions (QCDs) from an IRA to a donor advised fund at this time.
What happens to my donor advised fund when I pass away?
There are three main options for your fund after you pass away: 1) Name a successor to make recommendations after you pass away; 2) Set up recurring distributions to occur until funds are exhausted; or 3) Make a lump-sum distribution of all remaining funds to specified qualified charitable organizations.
How is GuideStream Charitable Gift Fund related to FM Financial?
FM Financial is committed to offering a full array of professional planning, investing, and giving services to individuals and organizations. In order to do so while remaining compliant with various financial service industry regulations, some services are offered through the Free Methodist Investment and Loan Fund, GuideStream Financial, and GuideStream Charitable Gift Fund.
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