Heritage UU Church

Celebrating Life
Creating Community
Seeking Justice

  • Home
  • About
    • History
      • Heritage UU Church History
      • Clara Barton Guild History
      • History Archives
    • Beliefs
      • Principles and Sources
      • Mission and Vision
      • Our Pledge for Living in the Spirit of Community
      • Special Congregational Recognition
      • Frequently Asked Questions
    • Minister and Staff
    • Governance
      • Constitution
      • Affiliations
      • Board of Trustees
    • Membership
    • The Wider UU World
  • Worship
    • Typical Sunday Morning Worship
    • More on Worship
    • Worship Services
    • Reflections Archive
  • Religious Exploration
    • RE Articles
  • Faith in Action
    • Faith in Action Initiatives
    • Social Justice
    • End-of-Life Ministry
  • Congregational Life
    • Columns and Essays
    • Events and Meetings
    • Announcements
    • News Articles
    • Support
      • Stewardship Campaign
      • Legacy Gifts
      • Money
      • Volunteering
    • Members’ area
  • Contact Us

Leveraging the Benefit of Your Gifts, Part Two

by Rebecca Pace, HUUC Accounts Receivable Treasurer

Since the change in the tax law, increasing the standard deduction, Donor Advised Funds (DAF) have become more popular. Think of them as charitable savings accounts.

Tax-deductible contributions to a DAF allow a taxpayer to bunch their charitable contributions into one year, in order to itemize deductions, while taking the standard deduction in other years. You get the tax deduction when you make the contribution to the fund, but the actual grant to the church or other charity can be made later. This is particularly effective if you have unusually high income one year, with extra cash, but you want to be able to make contributions in later years when your cash flow is back to normal levels.

Donor Advised Funds have been around since 1931. The Greater Cincinnati Foundation sponsors DAFs as well as many brokerage houses. If you are considering this strategy, shop around to find one that fits your needs. Costs and support vary.

Your donation to the DAF is irrevocable. Technically, the donor advises the DAF custodian on when and what organizations should receive grants. There are a few restrictions on what type of organizations can receive grants from a DAF. You can make grants to the church or Heritage Acres or to the Endowment Fund.

Donor advised funds can accept cash, or stock or other property that can be sold. Most DAFs have a limited menu of investment choices you may use until you make the actual grant to the church or other charity.

Watch next month for the tax benefits of donations of appreciated property—and if you didn’t see it, check out last month’s article on donations from retirement accounts.

October 2019.

Share this...
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Email this to someone
email
Print this page
Print

Filed Under: Money

Donate

Search

Building Closed – Church Open

Most church activities are occurring virtually. Through June 2021, no church-affiliated groups are gathering indoors. You can read more at the HUUC Policy Related to COVID-19.

Visitors

Have you visited us for a Sunday morning worship, a Virtual Vespers Service, or other event? Feel free to share your thoughts through our Virtual Guest Book. (No one will contact you unless you request it.)

Heirloom Newsletter

To sign up to receive the monthly Heirloom newsletter in your in-box, send an email with your first and last name to:

View the Latest Heirloom Newsletter now.

Email Announcements

Receive the weekly “Our Heritage Connection” email, plus possibly a few other emails per week, by adding your email address to the HUUC Announcements Google Group. Send your request to be on the list, with your first and last name, to our Church Administrator at:

Contact Information and More

Heritage Universalist Unitarian Church
2710 Newtown Rd., Cincinnati, OH 45244-3511
Phone: 513-231-8634.
Church Administrator:

More Contact Information
Map and Directions
Calendar

Community

On Facebook:

Heritage Universalist Unitarian Church

Friends of HUUC

Other Links

What’s Happening at Heritage Catalog
Space Rentals
Turpin High School Parking
Church Auction Catalog
Upcoming Church Sales
LGBT Ally Training Curriculum

More Links

Heritage Acres Memorial Sanctuary website
Heritage Acres on Facebook
AmazonSmile
Kroger Plus Card
Glossary
Privacy Policy
Site Map

Heritage UU Church …

Has Hearing Assist Devices

Is an LGBT+ Welcoming Congregation

Is Wheelchair Accessible

Copyright © 2021 · Heritage Universalist Unitarian Church. All rights reserved unless otherwise indicated · www.huuc.net · Send email to Webmaster