11 Benefits of Using a Giving Fund

11 Benefits of Using a Giving Fund

Over a million individual Giving Funds also known as Donor Advised Funds or DAFs, were opened by the end of 2021 according to the National Philanthropic Trust, 2021. They report that “contributions to Giving Funds (DAFs) in 2021 totaled $72.67 billion, an all-time high.”

The growing popularity of Giving Funds (DAFs) is a reflection of the unique and significant value they provide for generous individuals, families, and businesses.

11 Benefits of Giving Funds (aka Donor Advised Funds):

– Offer significant tax benefits.

– Allow you to give non-cash assets (i.e. appreciated stocks, business interests, crops & more).

– Allow you to give anonymously.

– Have no minimum fund distributions.

Help you plan ahead. Give now, receive tax benefits, distribute later. (Read more.)

– Are more private and less expensive than a personal foundation.

Simplify your giving. Give to multiple organizations you love while receiving ONE tax deduction letter!

– Provide the opportunity to involve your family in giving decisions.

– Give you the ability to include instructions for the next generation as a beneficiary in your trust or will.

–  Include the support of a Foundation like Ten Talents who can connect you with ministries and causes aligning to your passions.

Allow you to combine gifts with others who have Giving Funds to increase the impact of your gift!

Giving Fund Testimonials

A Business Perspective: Mark Ford

A Family Perspective: Rick Harrison

The Ten Talents Foundation has helped many businesses, families, and community members launch their Giving Funds in the Central Valley. Click the button below, call (559) 387-5534 or email info@tentalentsfoundation.org. to learn more about launching YOUR Giving Fund today.

Over a Million Americans have Opened Giving Funds

Over a Million Americans have Opened Giving Funds

Giving Funds, also known as Donor Advised Funds or DAFs, are being used at historic levels according to the National Philanthropic Trust.

    “The number of individual DAF accounts in the U.S. is above one million for the first time. Donors may initially choose DAFs for their flexibility and ease of use—and they continue using DAFs because they can both plan for and respond quickly to causes that are important to them.”

    National Philanthropic Trust, 2021

    Why are Giving Funds (DAFs) so popular? Giving Funds:

    – Offer significant tax benefits.

    – Allow you to give non-cash assets.

    – Are more private and less expensive than a personal foundation.

    – Simplify your giving. (Give to multiple organizations you love while receiving ONE tax deduction letter!)

    – Help you plan ahead, partner with other community members to support specific causes and organizations, and increase the power of your giving

    The Ten Talents Foundation has helped many businesses, families, and community members launch their Giving Funds in the Central Valley! Click the button below, call (559) 387-5534 or email info@tentalentsfoundation.org. to learn more about launching YOUR Giving Fund today.

    Giving Non-Cash Assets through a Giving Fund

    Giving Non-Cash Assets through a Giving Fund

    Giving Non-Cash Assets Through a Giving Fund (aka Donor Advised Fund).

    Open a Giving Fund and simplify the way you make donations.

    When you open a Giving Fund through the Ten Talents Foundation, we become the hub to help you give cash and non-cash gifts. You can save a significant amount in capital gains taxes when you gift assets like:

    • Appreciated Securities
    • Appreciated Real Estate
    • Business Interests
    • Crop/Agricultural Gifts
    • Cryptocurrency
    • & More!

    Example: Gifting Real Estate through a Giving Fund

    One example of a way you can do this is through gifting a piece of appreciated real estate to your Giving Fund at Ten Talents.

    This means you may not pay capital gains taxes as you normally would when selling a piece of property.

    The full valueof the real estate is instead transferred into your Giving Fund and you also receive a tax receipt letter. You can then make donations out of your Giving Fund for the next several years, allowing a greater portion of your dollars to go to organizations you love!

    Most of peoples’ business and personal wealth is locked up in non-cash assets like property, securities, business interests, or crops. Because of this, when a nonprofit makes a request for a gift, funding must usually come from your cash reserves, not the bulk of your giving capacity.

    The Ten Talents Foundation helps generous individuals, businesses, and families save money in taxes and move from thinking about giving on a yearly basis to looking at their giving from a long-term perspective.

    A Giving Fund provides a simple way for you to give cash and make gifts of non-cash assets in a way that saves a considerable amount in taxes. That money can instead become a Giving Fund for you to make donations out of, invest in your community, and support causes you’re passionate about for years to come!

      If you have specific questions about how to open a Giving Fund or give non-cash assets, call (559) 387-5534 or email info@tentalentsfoundation.org.

      2022 Ten Talents Foundation Annual Impact Report

      2022 Ten Talents Foundation Annual Impact Report

      TEN TALENTS FOUNDATION 2022 ANNUAL IMPACT REPORT

      Thank you.

      At the Ten Talents Foundation, we believe our time, talents, and treasures are gifts from God. We have the responsibility to manage our resources with wisdom, creativity, and generosity to build His kingdom. We strive to unify our faith community in the Central Valley under this mindset. Darkness trembles, hope grows, and cities change when businesses, families, ministries, and churches come together in His name!

      We’ve seen it first-hand. Since our inception in July of 2020, over $1,000,000 has been thoughtfully distributed on behalf of our Giving Fund holders through the Ten Talents Foundation to organizations making a positive impact in our region and world! Our 14 Ministry Partners are receiving training and resources to become even more effective conduits of God’s love in our community.

      In 2023, with your help, we can double our impact, increase our generosity, facilitate more complex gifts like crop giving and real estate, and add 10 new Ministry Partners!

      Thank you for partnering with the Ten Talents Foundation. Whether you are a Founding Member, Giving Fund holder, Ministry Partner, Prayer Partner, or a neighbor, you are a vital part of this movement of generosity.

      Tax-wise way to donate stock

      Tax-wise way to donate stock

      Tax-wise way to donate stock

      A simple, quick process.

      The Ten Talents Foundation has a simple process in place to help you transfer your stock into a Giving Fund with a 3-4 business day turnaround!

      To begin the process, contact Ten Talents Foundation and we will provide you with transfer instructions that you can give to your financial adviser.

      The adviser facilitates the sell of the stock and the money can then be transferred directly into your Giving Fund. Therefore, the funds from the sale are not considered income and you do not have to pay income tax on the amount.

      Interested in donating stock to a cause you believe in? Contact the Ten Talents Foundation today and we will help you through the simple process.

      Don’t have time to make thoughtful gifts by the end of the year? Here’s what you can do.

      Don’t have time to make thoughtful gifts by the end of the year? Here’s what you can do.

      Contribute to your Giving Fund now. Distribute donations later!

      Reduce stress & increase intentionality.

      Do you have financial gifts you’d like to make by the end of the year, but you don’t have time to thoughtfully decide where you’d like to donate your gifts?

      Having a Giving Fund (also known as a Donor Advised Fund or DAF) through the Ten Talents Foundation, allows you to make one year-end tax-deductible gift to your Fund now and distribute the gift to various causes in the future! 

      For example: If you open and contribute to your Giving Fund this December, you will receive a tax-benefit for the year the money was contributed to the Fund (i.e. 2022). You can then make gifts out of your Giving Fund in 2023 and beyond!

      This allows you to grow your Giving Fund to meet a ministry’s specific need later, or have more time to pray about your giving rather than rushing into random year-end donations.

      Interested in learning more about this process and launching your own Giving Fund? Contact Ten Talents at (559) 387-5534, info@tentalentsfoundation.org, or by clicking the button below today!