Giving through a DAF is a 2-step process. The first step is contributing cash, stock, or other assets (tax-deductible per IRS rules) to the fund. Because the contribution is irreversible, any potential charitable tax deduction typically happens at that time allowing the donor to make their contributions in the most advantageous tax year. In addition, many donors choose to give appreciated assets to avoid having the value of their gift reduced by capital gains taxes. The second step is recommending a gift from the fund to the charity. This can happen at any time in the future and to any qualified charity. There is no additional charitable deduction at the time of the actual gift. If you don’t have a DAF yet, you can open a Giving Fund with NCF or another provider you prefer. Once your fund is set up, you can contribute cash, stock, or other assets (tax-deductible per IRS rules) and recommend grants to Relational Peace and other ministries anytime. It’s an easy way to plan your giving and make a steady, meaningful impact.
Questions? We’d love to talk. Email us and we’ll connect you with the right person—or with the NCF team—right away.