DDONOR-ADVISED FUNDS
Give with a Donor-Advised Fund
With a donor-advised fund (DAF), you can simplify your giving, do more for people in the toughest places and enjoy potential tax savings too.
HOW IT WORKS
Give From an Existing Donor-Advised Fund
A donor-advised fund is like a charitable savings account that serves as a hub for all your giving. One can establish a fund with cash, stock or other appreciated assets. You realize any tax benefits for which you qualify in the year of the donation. You can then recommend grants from your fund to the charitable organizations of your choice.
To make a gift:
Contact your donor-advised fund (DAF) provider or log in to your DAF account online and request to recommend a grant to Unto as the recipient organization. Provide the following information:
- Organization Name: Unto
- Address: PO Box 628232, Orlando, FL 32862-9948
- Phone: 1-800-778-7806
- Email: unto@unto.com
- Tax ID: 95-4578963
Specify the amount you wish to grant and include the purpose of the grant, if any (for example, Clean Water or Maximum Impact).
Submit the grant recommendation through your DAF provider and receive a grant acknowledgment letter from Unto.
Potential Benefits
- Simplify tax planning by consolidating all your giving from one source.
- Unlike a private foundation, no mandatory distributions are required from a DAF.
- Investment growth in the fund is tax free so more can go to charity.
- Low minimum to open a fund makes it easy for all donors to participate.
Open a Great Commission Donor-Advised Fund
Cru Foundation is a ministry back to you. They exist to help you invest in building the kingdom of God now, during retirement and beyond your lifetime.
You can establish a Great Commission Donor-Advised Fund (GCDAF) today or switch your current donor-advised fund from another DAF provider. Switching is as simple as initiating a grant to Cru Foundation for the full amount of funds in your current DAF (or a partial amount if you would like to keep both accounts).
Have questions?
Email info@crufoundation.org or visit crufoundation.org/GCDAF and learn about the Great Commission Donor-Advised Fund through Cru Foundation.
The minimum initial deposit to start a DAF is $5,000. Cru Foundation does not require that DAF distributions go to a Cru-related organization. We allow distributions to any qualified 501(c)3 (according to IRS rules) unless such charity’s purpose violates the core fundamental beliefs of Cru.
There are no mandatory distribution requirements. This means that you are not required to make a specified number of distributions from the DAF. The minimum grant (distribution) amount is $50.
Once the DAF is set up, the minimum deposit into the DAF is $500. You can manage the DAF account online or by calling the Cru Foundation office for assistance.
Cru Foundation partners with a Christian wealth management firm, Cornerstone Management, that invests the funds held in our DAF pool. Currently, the wealth management fee charged by Cornerstone Management is an annual fee of .41% which is also charged on a rolling quarterly basis. All DAF administrators charge for the wealth management (investment) of the funds held in the DAF account.
Cru Foundation assesses no administrative fees on DAFs. This means that more of your contributions are freed up to go to kingdom work or the qualified charity of your choice.
An annual investment advisory fee of 0.41% is applied to account on a quarterly basis. The investment mutual funds that make up the four-fund investment profile options have internal fund fees which are not applied as separate, distinct charges. Cru Foundation seeks investment fund options that offer low internal fund fees without compromising investment performance. The average internal fund fee across the funds in our investment profiles is in the range of 0.10% to 0.11%. While there is no guaranteed return on the DAF investments, the funds are invested conservatively with the goal of preserving the principal being held for charitable distributions. For DAF balances over $200,000, more investment options can be considered based on your risk tolerance.
REACH OUT
Our Giving Team Is Here to Help
If you have questions about donor-advised funds, send an email to our Development team using the form here.
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