LifeDate Fall 2023 – How to Use Your Gospel-Motivated Voice For Life
by Dave Probst, Director of Development
Donor Advised Fund (DAF) Grants to Lutherans For Life
You can make an impact on our Gospel-motivated voice for life mission and furnish a reliable revenue stream to Lutherans For Life by providing a Donor Advised Fund (DAF) grant offering to our ministry. Here’s what you need to know about Donor Advised Funds and grants from them:
- Donor Advised Funds are a charitable investment account maintained and operated by a financial institution who handles the paperwork and administration of your account.
- Donor Advised Funds allow the owner(s) the flexibility of recommending the amount of grant money given to Lutherans For Life and the time LFL will receive each grant.
- Donor Advised Funds can be funded when it’s established or continually over time. Adding to the fund over time is a great way to grow the fund and impact LFL long term.
- Donor Advised Funds are simple to create, and any assets can be used to fund the account. (Appreciated assets can often provide even greater tax benefits). The DAF can even be created as part of your estate plan.
- Donor Advised Funds are often used to lower taxes after a windfall, such as receiving an inheritance or selling a business. You receive an immediate tax deduction after you contribute to a DAF, and, better yet, you aren’t taxed on any growth your DAF experiences, allowing the fund to grow tax-free.
Please feel free to contact me if you have any questions, need help with providing a Donor Advised Fund grant to LFL, or would like help with finding a financial advisor to set up a Donor Advised Fund to support Lutherans For Life. I can be reached at 812.603.7970 or dprobst@lutheransforlife.org.