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Donor-Advised Funds

Donor-advised funds have become an increasingly popular way to support charitable organizations, like the FarmHouse Foundation. As a personal charitable savings account, these funds allow you to easily track your giving and make an impact, no matter the economic climate. They can make giving easier and help you create a family legacy of giving.

“Setting up a donor-advised fund was attractive for multiple reasons,” said Scott Nagel (Minnesota 85), Foundation Chairman. “We consistently give to three to four organizations. I used to take stock and transfer it directly to the organization. That was lots of work and it often took 30 days for them to get it. It is much simpler and quicker with a donor-advised fund. I transfer stock to my Schwab Charitable account, they sell it the next day, and then I make a recommendation on a donation to the organization. Funding my donor-advised fund is based on when I want to sell stock. It allows me to sell high but avoid being taxed on the short-term capital gains.” 

“You can establish a donor-advised fund at any age as a young alumnus,” Jordan Moore (Oklahoma State 05) explained. “After working with our financial advisor, we decided to set up a donor-advised fund so we could allocate money we’ve earmarked for giving for a tax benefit, but weren’t yet sure where we wanted to give that money specifically yet. We have been pleased to support the  FarmHouse Foundation through this fund the last few years.”

HOW THEY WORK


A donor-advised fund is like a waiting room for a charitable donation. You establish a fund using cash or appreciated property with a nonprofit called a sponsoring organization, who then invests and grows your money over time.

There are two ways you can use the money in your fund to support FarmHouse:

  1. Recommend a grant or recurring grants to the FarmHouse Foundation. This allows you to support our mission today.
  2. Name the FarmHouse Foundation as a beneficiary of the entire account or a percentage of the fund. The Foundation would then receive the money left over after your lifetime.


THE BENEFITS


Establishing and giving through your donor-advised fund offers many benefits:

  • Qualify for an income tax charitable deduction in the year you make a gift to your fund.
  • Don’t worry about having to track your contributions (your sponsoring organization does it). You will receive a single tax document each year, making record keeping easier.
  • Grow your fund over time if your sponsoring organization invests it, eventually allowing you to give more than you thought.


ALREADY HAVE A FUND?


Don’t let it sit idly! Donor-advised funds are often described as “rainy day funds.” If you have a fund,  make sure you put it to work by making recommendations each year. Your gift can be designated to provide funding for the FH Excellence Fund, leadership training, research, scholarships, chapter housing and any other educational programs made possible by the FarmHouse Foundation.


SHARE THE GOOD NEWS


When you make a gift to the FarmHouse Foundation from your donor-advised fund, we may not know who it is from. Please let us know by contacting Allison Rickels, Executive Director & CEO at (816) 891-9445 or via email so we can thank you for your generous support.

Donor-Advised Funds


Donor-Advised Funds

Donor-advised funds have become an increasingly popular way to support charitable organizations, like the FarmHouse Foundation. As a personal charitable savings account, these funds allow you to easily track your giving and make an impact, no matter the economic climate. They can make giving easier and help you create a family legacy of giving.

“Setting up a donor-advised fund was attractive for multiple reasons,” said Scott Nagel (Minnesota 85), Foundation Chairman. “We consistently give to three to four organizations. I used to take stock and transfer it directly to the organization. That was lots of work and it often took 30 days for them to get it. It is much simpler and quicker with a donor-advised fund. I transfer stock to my Schwab Charitable account, they sell it the next day, and then I make a recommendation on a donation to the organization. Funding my donor-advised fund is based on when I want to sell stock. It allows me to sell high but avoid being taxed on the short-term capital gains.” 

“You can establish a donor-advised fund at any age as a young alumnus,” Jordan Moore (Oklahoma State 05) explained. “After working with our financial advisor, we decided to set up a donor-advised fund so we could allocate money we’ve earmarked for giving for a tax benefit, but weren’t yet sure where we wanted to give that money specifically yet. We have been pleased to support the  FarmHouse Foundation through this fund the last few years.”

HOW THEY WORK


A donor-advised fund is like a waiting room for a charitable donation. You establish a fund using cash or appreciated property with a nonprofit called a sponsoring organization, who then invests and grows your money over time.

There are two ways you can use the money in your fund to support FarmHouse:

  1. Recommend a grant or recurring grants to the FarmHouse Foundation. This allows you to support our mission today.
  2. Name the FarmHouse Foundation as a beneficiary of the entire account or a percentage of the fund. The Foundation would then receive the money left over after your lifetime.


THE BENEFITS


Establishing and giving through your donor-advised fund offers many benefits:

  • Qualify for an income tax charitable deduction in the year you make a gift to your fund.
  • Don’t worry about having to track your contributions (your sponsoring organization does it). You will receive a single tax document each year, making record keeping easier.
  • Grow your fund over time if your sponsoring organization invests it, eventually allowing you to give more than you thought.


ALREADY HAVE A FUND?


Don’t let it sit idly! Donor-advised funds are often described as “rainy day funds.” If you have a fund,  make sure you put it to work by making recommendations each year. Your gift can be designated to provide funding for the FH Excellence Fund, leadership training, research, scholarships, chapter housing and any other educational programs made possible by the FarmHouse Foundation.


SHARE THE GOOD NEWS


When you make a gift to the FarmHouse Foundation from your donor-advised fund, we may not know who it is from. Please let us know by contacting Allison Rickels, Executive Director & CEO at (816) 891-9445 or via email so we can thank you for your generous support.