Planned Giving

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Donor Advised Fund

A donor advised fund (or DAF) might be a great solution for you. You can use a DAF to distribute gifts to numerous charities. With a DAF, you can make gifts to charity during your lifetime, and when you pass away, your children can carry on your legacy of giving.

Donor Advised Fund
Stock or Cash
Donor Advised Fund
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You enjoy several benefits with your donor advised fund

  • Establish a flexible vehicle for annual charitable giving
  • Benefit from a more tax and cost efficient alternative to a private foundation
  • Obtain a charitable income tax deduction in the year of your gift

A Donor Advised Fund (DAF) has recently been specifically branded for the Seventh-day Adventist Church, and while it functions like a DAF one might find available through other charitable organizations, investment companies, and community foundations, the Adventist Donor Gift Fund (ADGF) should especially appeal to Seventh-day Adventists since the North American Division (NAD) and the NAD Planned Giving & Trust Services Department (PGTS), partnering with BNY Mellon Charitable Gift Fund, have provided this service without set-up or administration charges for the donor. The only fees required are small management fees that are much like fees one would expect to pay for mutual fund investments.

Here's how it works: The minimum donation to an ADGF is $1,000. After this fund is set up, additional donations can be made to this fund if the donation is at least $250. The money donated to this fund is a gift, meaning it is not refundable, but the donor gets to determine how to invest and potentially grow this fund through one of eleven different investment options (fixed interest, and even securities are options) until such time the donor determines who the recipient(s) will be and when to make the donation to the recipient organization. This can be especially useful for donations near year-end when a donor may wish to receive a tax deduction, but they may not have determined where they would like to donate the money yet.

This fund also has additional flexibilities built in. To learn more about the ADGF and how it works, reach out to us through the CONTACT US link at the top of this page for more information.

How does the ADGF Work?

Minimum Contributions

A donor's minimum donation to open an ADGF account is $1,000. Additional minimum contributions to an existing ADGF are $250.

Two Sub-fund Accounts

When a donor opens an account, there will be two sub-funds. One, the Adventist-only sub-fund, will be restricted to a single Seventh-day Adventist yearbook organization participating in the ADGF. It is recommended that 25 percent of all contributions to the ADGF will go into this sub-fund. The donor can increase the percentage that goes into this sub-fund when they set up their account.

The other sub-fund, the discretionary sub-fund, can be used to make grants to any charitable organization recognized by the IRS. It is recommended that 75 percent of all contributions to the ADGF will go into this sub-fund, but again the donor has the option of changing this when they set up their fund.

Making Grants

Donors may request grants of at least $250 to charitable organizations at any time. All grants from the Adventist-only sub-fund must go to the participating Seventh-day Adventist organization named when the fund is established.

Grants from the discretionary sub-fund may go to any qualifying charitable organization as specified by the IRS tax code. Grants could go to the same organization named on the donor's Adventist-only sub-fund, to other Adventist organizations, to Adventist Supporting organizations such as those who are part of Adventist Laymen Services & Industries (ASI), or to non-Adventist organizations such as the American Red Cross or United Way.

Invested Funds

Donors may recommend one of eleven different investment strategies for the funds while they wait to request grants from the ADGF to charitable organizations. The investment strategies include a simple interest-bearing account, fixed income, and even securities. Any gains realized from the investments will be added to the donor's gift fund balance to be granted to charitable organizations. Consequently, any losses realized by the investment will be subtracted from the gift fund balance resulting in fewer funds available for grants to charitable organizations.

Managing the Fund

Each donor will have a secure online portal to view account balances, see contribution history, recommend investment options, and request grants to charitable organizations.

Death Beneficiaries

When the donor, or donors, die, any funds remaining in the Adventist-only sub-fund will automatically be distributed to the named participating Adventist organization. The donor may also designate an organization, or multiple organizations, to receive the balance of the discretionary sub-fund when they die. Or, a donor could name a successor advisor, such as a child, which would allow the successor to request grants to be made to charitable organizations.

How to set up your ADGF

Contact our Northern New England Conference Planned Giving and Trust Services office for the latest instructions for setting up your personal or family Adventist Donor Gift Fund. We're excited about the advantages the ADGF can provide for those who are interested in supporting our conference and its ministries, and even providing the flexibility to support other charities if so desired.

Contact us

If you have any questions about donor advised funds, please contact us. We would be happy to assist you and answer any questions you might have.

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