4 Timely Considerations
More and more supporters are giving to Life Network through their donor-advised funds.
Like a “charitable giving account,” a donor-advised fund (DAF) allows you to give cash, stock and other appreciated assets into a single account. From there, you can recommend grants to Life Network and your other favorite causes.
Why are DAFs so popular? For many people, it’s all about time.
Receive an immediate tax deduction. Trying to beat the clock for year-end giving? As long as your gift is deposited by December 31, you can claim credit on this year’s taxes. Later, you can advise how to distribute the funds.
Choose the timing of your distributions. Promptly direct funds from your account to address real-time ministry needs.
Save time-wasting hassles when giving stock, real estate, or other assets. Your donor-advised fund administrator will handle the liquidation of appreciated assets that you’d like to convert into cash for ministry.
Save time when giving to multiple ministries. Streamline your giving and record-keeping by gifting all cash, stock or other appreciated assets into a single account from which you’ll receive one charitable receipt.