It’s About Time for a Donor-Advised Fund
October 12, 2023
4 Timely Considerations
More and more supporters give to CMDA through their donor-advised funds.
Like a “charitable giving account,” a donor-advised fund allows you to give cash, stock and other appreciated assets into a single online account. From there, you can recommend grant distributions to CMDA and the other causes close to your heart.
Why are donor-advised funds so popular? For many people, it’s all about time.
- Receive an immediate tax deduction at the time of your gift. Trying to beat the clock for end-of-the-year giving? As long as your gift is deposited by December 31, you can claim credit on this year’s taxes. Later, you can advise how to distribute the funds.
- Choose the timing of your distributions. Whenever you feel compelled to give, you can promptly direct funds to address real-time ministry needs.
- Save time-wasting hassles when giving stock, real estate, business interests or commodities. Your donor-advised fund administrator will handle the liquidation of appreciated assets that you’d like to convert into cash for ministry.
- Save time when giving to multiple ministries. Because you have a generous heart, we know you probably support other causes besides CMDA. Streamline your giving and record-keeping by gifting all cash, stock or other appreciated assets into a single account from which you’ll receive one charitable receipt.
Is it time for you to consider a donor-advised fund?
Through CMDA’s partnership with Barnabas Foundation, you have access to their Steward’s Fund, a donor-advised fund in line with your Christian values. To learn more, call Paul Montgomery at 423-844-1000 or email stewardship@cmda.org.
