Now with $0 administrative fees!
What Is a Great Commission Donor Advised Fund?
A Great Commission Donor Advised Fund is a “charitable giving fund” that works much like a private foundation, but without the cost and red tape. One can establish a fund with Cru Foundation with as little as $5,000 cash, stock, or other appreciated assets. The donor realizes tax benefits in the year of the donation. They can then advise Cru Foundation to make distributions over time from the fund to the evangelical ministries of their choice.
Why Should I Consider a Great Commission Donor Advised Fund?
Great Commission Donor Advised Funds have many uses and applications. Here are some of the more common reasons that our Ministry Partners have demonstrated for establishing a Great Commission Donor Advised Fund. You can make a year-end donation to take advantage of the tax deduction and then make your decisions about gifting from the fund during the next year.
If you should choose to give a gift anonymously or to protect your privacy you can do that through your Great Commission Donor Advised Fund. It is simple to spread a large gift to your fund amongst multiple ministries and over a period of time. To streamline your planned giving, you can leave bequests from your estate, life insurance policies and retirement accounts. Changes are easily made to the final instructions for your fund and are free, unlike changes to your will or trust.
Our Great Commission Donor Advised Funds are tracked online. You can log in anytime of the day or night to see what your balance is and the history of your past gifts. You can even make distribution requests online.
What Does it Cost?
Unlike most donor-advised funds, we do not charge an administrative fee, and provide the following account services at no charge:
- Application processing and account set-up
- Grantee verification and screening
- Issuing grants and mailing checks
- Online account access
- Customer service
- Gift receipting
- Filing required IRS forms
- And more
One of the major benefits of a Great Commission DAF is the potential for tax-free investment growth which can also be granted. Cru Foundation works with a Christian investment advisory firm to provide low-cost investment options.
We keep costs down by using a passive investment approach, efficient
exchange-traded funds (ETFs), and quality mutual funds. The fees charged by those funds combined with the investment advisory service we use to find quality funds comprise the total investment costs. The combined cost may vary, but currently ranges on average from .74 to .76, depending on how your donation is invested.
The Benefits of a Great Commission Donor Advised Fund
- Immediate Income Tax Deduction
- Capital Gains Tax Bypass on Appreciated Assets
- Potential for tax-free growth
- Simplicity & Flexibility
- Privacy or Name Recognition
- Legacy Planning
- Online Access
When all of these benefits are considered, it is easy to see why so many are taking a serious look at the Great Commission Donor Advised Fund. We invite you to contact us if you should have any questions.
You can view the DAF Agreement here.
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