Other Ways to Give
Types of Funds/Giving Tools
There are many ways to give to organizations you love through the Ten Talents Foundation. Read below to find out which funds, trusts, or tools are right for you.
Giving Funds (Donor Advised Funds)
A Giving Fund, also known as a Donor Advised Fund (DAF), is similar to having your own personal foundation, but much more private and less expensive. Giving non-cash assets through a Giving Fund allows a significantly greater portion of your giving to go to organizations you believe in rather than taxes. Click here for more information on DAFs.
Focus your giving towards your area of interest and simplify your generosity. We
combine multiple qualified ministries who share a mutual interest and place them in one fund. This allows you to focus your giving, increase your impact and the Ten Talents team stewards the qualified organizations. We can also create a fund with your interests in mind.
Charity Advised Funds
Many times, generous people want to make a gift to a ministry they love with some guidelines. Ten Talents Team works with the Charity, Organization, Church or Ministry to set up a Charity Advised Fund and we then work with the donor to construct the specific language around their gift. The funds are placed in the organizaitons Charity Advised Fund and funds are requested according to the guidelines. We also set up funds in Endowment or Scholarships for organizations. (Please Adjust the wording for greater clarification)
Charitable Remainder Trust
A Charitable Remainder Trust is a tax-exempt irrevocable trust designed to reduce the taxable income of individuals by first dispersing income to the beneficiaries of the trust for a specified period of time and then donating the remainder of the trust to the designated charity or a donor advised fund for greater flexibility. This is a “split-interest” giving vehicle that allows a trustor to make contributions, be eligible for a partial tax deduction, and donate remaining assets. In addition to tax management, charitable remainder trusts can offer benefits for retirement and estate planning.
Charitable Lead Trust
A Charitable Lead Trust works by donating payments out of the trust to charity or a donor advised fund. After that period is over, the remainder of the trust is paid out to the beneficiary. This decreases the taxes owed by the beneficiary. Additionally, once they inherit the remaining balance, it also provides them with other potential tax benefits, such as an income tax deduction for charitable donations, and savings on estate and gift taxes.
A Charitable Lead Trust is different from a Charitable Remainder Trust in that, instead of only making monthly payments to a charity, the trust can make monthly payments to the beneficiary, and in some instances, to the benefactor, as well.
These forms of trusts are generally set up during the process of estate planning, or during the writing of a will, when benefactors wish to reduce the possible burdens beneficiaries would normally incur by receiving their inheritance. (Investopedia)
Charitable Gift Annuity
A Charitable Gift Annuity is an arrangement between a donor and a non-profit organization. The donor receives a regular payment for life based on the value of assets transferred to the organization. After the donor’s death, the assets are retained by the organization. The charitable gift annuity is a type of planned giving.
Pooled Income Fund (PIF)
A Pooled Income Fund is a mutual fund composed of gifts that are pooled and invested together. Income from the fund is distributed to both the fund’s participants and named beneficiaries, according to their share of the fund. If you are a donor to the fund, you choose the other income recipients to receive quarterly payments for life. Upon your death, the value of the assets will be transferred to the beneficiaries.
Connect with the Ten Talents Foundation…
…to learn more about which fund might be best for you and how to begin maximizing your investments and giving for the Kingdom!