[email protected]
9100 93rd Avenue North
Brooklyn Park, MN, 55445
(763) 425-2210
A donor-advised fund is a fund that donors create by depositing cash, appreciated securities or other assets, and then distributing the money to charities over time.
Donor-advised funds have appeal because the donor can take an immediate tax deduction against the full amount he/she contributes to a donor-advised fund. The fund can then earn non-taxable interest or other investment earnings, and in the meantime decide when and to which charities the funds will be distributed.
This enables donors to take a larger tax deduction for charity in one year, and to enable their chosen charities to have a more even flow of contributions over a number of years.
For instance, if a donor wishes to forward cash or stock valued at $15,000 to a disbursing organization, he or she can take the tax deduction in the first year, and then direct those funds to be distributed to his/her church and other charities at a rate of $5,000 over the three years.
You may wish to consult with your employer to see if a matching gift from your company can double the value of your contribution to St. Vincent de Paul - Parish or School.
Thrivent clients have a unique opportunity to give Choice dollars to the charities of their choice. St. Vincent de Paul Church and St. Vincent de Paul School are each on the Thrivent list of qualified recipients. Kindly consider the Church and/or School early next year as your Choice dollars become available.