Giving Non-Cash Assets through a Donor Advised Fund

by Ashley Goldsmith | May 9, 2023 | Giving Funds

Giving Non-Cash Assets Through a Donor Advised Fund.

Open a Donor Advised Fund and simplify the way you make donations.

When you open a Donor Advised 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 Donor Advised Fund

One example of a way you can do this is through gifting a piece of appreciated real estate to your Donor Advised 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 value of the real estate is instead transferred into your Donor Advised Fund and you also receive a tax receipt letter. You can then make donations out of your Donor Advised 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 Donor Advised 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 Donor Advised Fund for you to make donations out of, invest in your community, and support causes you’re passionate about for years to come!

Open a Donor Advised Fund

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

2022 Ten Talents Foundation Annual Impact Report

by Ashley Goldsmith | Mar 7, 2023 | Generosity, Giving Funds, Ministry Partners, Ten Talents Foundation Updates

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.

Read full 2022 impact report

Tax-wise way to donate stock

by Ashley Goldsmith | Dec 9, 2022 | Generosity, Giving Funds, Stocks

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.

Contact Ten Talents

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

by Ashley Goldsmith | Dec 9, 2022 | Generosity, Giving Funds

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!

Contact Ten Talents

How a Giving Fund simplifies the way you donate.

by Ashley Goldsmith | Nov 17, 2022 | Giving Funds

How a Giving Fund simplifies the way you donate.

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

If you are giving to multiple organizations you love, you are probably writing several checks a month, stamping and addressing countless envelopes, and managing stacks of receipt letters. Giving Funds simplify the giving process.

A Giving Fund, also known as a Donor Advised Fund (DAF), allows you to give to multiple organizations online through a single source and receive ONE tax deduction letter at the end of the year.

No more trips to the post office or stacks of receipt letters. The only paperwork you will need to keep track of is one tax deduction letter at the end of the year!

Opening a Giving Fund is similar to having your own personal foundation, but much more private, less expensive, and with greater tax benefits. When you open a Giving Fund through the Ten Talents Foundation, you can:

1. Log into your Donor Giving Portal on the Ten Talents website

2. Select the organizations you want to give to and the gift amounts.

Once the gifts are approved, Ten Talents will notify you and send checks to the organizations on your behalf along with custom letters.

You can log into your Donor Giving Portal any time to review the totals in your fund or see a list of past donations. You can even request to automate your gifts through your Giving Fund.

Call (559) 387-5534, email info@tentalentsfoundation.org., or click the button below to learn how Giving Funds can help make giving simple, allowing you to leverage to your talents for greater Kingdom impact. 👇🏼

Open a Giving Fund