Planned Giving Tools

Donor Advised Funds/Endowments

Donor Advised Fund

A donor advised fund provides the opportunity to establish a fund for lump sum giving or a perpetual fund for annual giving to ministries selected by you or family members.  Our solution has many advantages over private family foundations. DAFs may be funded with cash or appreciated assets, including securities and real estate while providing a tax deduction for the donor.

Endowments

Similar to a donor advised fund, an endowment provides perpetual annual giving (as opposed to lump-sum giving).  Designated assets are invested to ensure their protection and growth so the ministries you select will be blessed for years to come.  Endowments may be funded with cash or appreciated assets and provide a tax deduction.

 

FAQs

Q: What is a Donor Advised Fund?

A: A Donor Advised Fund is a flexible giving device that can accept tax-deductible charitable contributions and then distribute funds to charitable 501(c)(3) organizations. Assemblies of God Foundation acts as custodian of the donor advised fund and distributes income and/or principal with the advice of named advisors to the fund. Individuals, couples families and organizations can use a donor advised fund to create an immediate charitable tax deduction while creating a pool of funds to be given away immediately, over time, or at a later date. A Donor Advised Fund should be considered by those who are interested in avoiding the regulations and complexities surrounding private foundations. A Donor Advised Fund can also be designed to act as the charitable recipient of distributions from revocable or tax-beneficial irrevocable charitable trusts.

 

Q: When will I receive the deductions for the funds in my Donor Advised Fund/Endowment?

A: When the funds are placed into the account.

 

Q: How much can be distributed from my Endowment?

A: Typically, the endowment can only pay out the income portion to the ministry. However, you will need to refer to your Endowment certificate or Trust Officer to find out the details of your specific endowment.