Over a Million Americans have Opened Donor Advised Funds

Over a Million Americans have Opened Donor Advised Funds

by | May 9, 2023 | Donor Advised Fund

Donor Advised Funds (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 Donor Advised Funds (DAFs) so popular? Donor Advised 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 Donor Advised Funds in the Central Valley! Click the button below, call (559) 387-5534 or email info@tentalentsfoundation.org. to learn more about launching YOUR Donor Advised Fund today.

    Open a Donor Advised Fund
    Giving Non-Cash Assets through a Donor Advised Fund

    Giving Non-Cash Assets through a Donor Advised Fund

    by | May 9, 2023 | Donor Advised Fund

    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

      2022 Ten Talents Foundation Annual Impact Report

      by | Mar 7, 2023 | Donor Advised Fund, Generosity, 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 Donor Advised 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, Donor Advised 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

      Tax-wise way to donate stock

      by | Dec 9, 2022 | Donor Advised Fund, Generosity, 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 Donor Advised 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 Donor Advised 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.

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

      by | Dec 9, 2022 | Donor Advised Fund, Generosity

      Contribute to your Donor Advised 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 Donor Advised Fund (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 Donor Advised Fund this December, you will receive a tax-benefit for the year the money was contributed to the Fund (i.e. 2024). You can then make gifts out of your Donor Advised Fund in 2025 and beyond!

      This allows you to grow your Donor Advised 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 Donor Advised Fund? Contact Ten Talents at (559) 387-5534, info@tentalentsfoundation.org, or by clicking the button below today!

      Contact Ten Talents