A giving fund is what the IRS calls a Donor Advised Fund. Think of it as a “charity checking account” for you to give to our church and all the charities you support. It is a tax smart way to give. It earns tax free interest which gives you more money to give away.

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One of the prime advantages is you avoid paying capital gains taxes when you donate appreciated stock to a CFR Giving Fund, and you avoid paying any brokerage fees. It also makes your other charitable giving to the church and other charities you support easier. The Giving Fund allows you the option to give anonymously to your church or other charities.

CFR charges no fees on its Giving Funds. You can add money to your Giving Fund any time and you can make grants to the church and/or other nonprofits any time. There is no minimum balance that needs to be maintained in your CFR Giving Fund.

To donate stock, you can set up an individual Giving Fund through CRF and donate your stock to your CFR Giving Fund. It takes less than 10 minutes to complete the application and there will be an additional stock transfer form to complete.

Yes, CFR sells the stocks once they are received. Once the funds have been deposited into your CFR Giving Fund, then a grant request can be made to send some or all of those funds to the church. CFR processes grant requests every Thursday and mails the check to the church.

The biggest tax advantage is that people avoid paying capital gains taxes when donating stock or crypto to their CFR Giving Fund. Also, the interest that is generated in their CFR Giving Fund accrues tax-free which gives people more money to give away to the church and other missions/ministries. The information provided is for informational purposes only. Please consult with a tax professional for a full understanding of any tax implications.

https://www.cfrministry.org/giving-funds

Use the link above for more information and where you can also complete the online application if you are interested.