A recent study by Empty Tomb, an Illinois based research organization shows some troubling signs for church giving. From 2007 to 2008, churches saw a decrease of $20.02 in per member gifts.
As we approach year end (can you believe it is only eight weeks away?), we are in the season where business owners in particular are beginning to focus upon their year end books. Often, the work is feverish, and goes down to the wire.
What color is generosity?
We just completed our 9th Annual Passion Awards. For more, visit www.celebrateministrykc.com. The Passion Awards is like the Academy Awards of ministry where we award grants to ministry but also make a few individual awards as well.
A recent study by Fidelity offered this interesting insight: while a majority of advisors believed that their clients are interested in receiving charitable advice, only slightly more than half (52%) proactively offered such advice.
Donor advised fund usage is on the rise. This rise has been noted by The Wall Street Journal and other periodicals. A recent survey by Fidelity noted the same.
It used to be that when someone started to think about becoming “philanthropic,” they set up a private foundation, which involved legal costs and filing an annual tax return. Often the process proved cumbersome. Today, the answer has become donor advised funds for the following 5 big reasons:
It’s October, but it is year end tax season.
I work with people all across the country. Each year, we see people set up donor advised funds in the month of December. In fact, we’ll see 50% of our activity take place in the month of December. While it’s a good thing that we have that kind of activity, it’s also a lesson for those planning now.
People are getting older. Birth rates are declining. Those are two really big statements that could easily be overlooked. What’s the significance to charities?
A private foundation can be a good vehicle for individuals to conduct their giving. However, Christian givers may consider switching to a Christian donor advised fund for 5 key reasons.
Are you considering setting up a donor advised fund? It is a great tool for giving. You can give online. You can do all of your giving through the fund and get one tax receipt, which makes life simple. You can make a gift now, deduct now and distribute later.
After serving on the mission field for 15 years in Peru, Rudy thought it was time to retire and go be with the grandchildren. But God had different plans. After leading a missions trip to another part of Peru—Cusco, Peru—Rudy sensed God’s calling once again.