The benefits of using a donor advised fund (utilizing Everence Foundation) are many and, with the new tax laws, are growing in appeal to strategic donors. They are far easier to establish than a private foundation and allow you to support Blessings of Hope with relatively small amounts of money.
A donor advised fund (DAF) can be the strategic receptacle for many other gifts including appreciated stock, real estate, and beneficiary gifts. Through our partnership with Everence Foundation your gift can be allocated as you instruct with tax benefits in the immediate tax year. with relatively small amounts of money.
When you open a donor advised funds (DAF), you are creating a separate entity with the sole purpose of using the assets undermanagement to support qualified charities.
You can fund it by irrevocably contributing assets such as cash, appreciated stock, insurance proceeds, or various other forms of capital. Given that your DAF is a separate entity, you can take an immediate tax deduction for the amount of the gift.
As advisor to the fund, you can elect to manage the investments personally or choose to have an investment advisor manage the portfolio.
The two primary avenues of supporting Blessings of Hope with your donor advised fund are through a beneficiary designation and recommending grants.
By assigning Blessings of Hope or other charitable organizations as a beneficiary, you are ensuring that when the DAF ceases to have an advisor the assets in the account get transferred to Blessings of Hope.
While you or your assigned successor(s) are advising the fund, you can recommend grants from the fund to support Blessings of Hope or other charitable organizations.
With a low barrier to entry and multiple ways to create charitable impact, DAFs are a great strategy for charitable giving. If you have questions about setting one up, or want more information please contact Blessings of Hope.
To simplify your gifting process, Blessings of Hope has partnered with the Everence Foundation to underwrite our planned giving instruments and greatly simplify the gifting process. With over $4 billion in assets and shared values, you can be assured that the very best financial ethical management is in place before, during and after your gift is made.
In association with Everence Charitable Services and underwritten by the Everence Foundation, our charitable instruments empower YOU to achieve your charitable goals in an environment of shared spiritual and ethical values. All this while helping Blessings of Hope carry forward the message of HOPE.
Should you choose to contact Everence directly, the contact information is: