| GLCF's primary giving solution is the GLCF Giving Fund®. This Fund is similar to a private foundation in many ways, but it is much easier to create and manage and free of many IRS filings and restrictions. It also comes with better tax advantages. Think of an GLCF Giving Fund as a brokerage account – but instead of investing in companies by buying stocks and mutual funds, your clients invest in God’s Kingdom by giving to the ministries and causes closest to their hearts. Your clients make tax-deductible gifts into their Giving Fund and then recommend grants from that Fund over time. How it works: - Start a Giving Fund today for your clients today by filling out a short application form on our website (click the link on the top-right side of this page) or calling us for a print version. It’s fast and easy to do.
- Your clients make a suggested initial contribution of $10,000 or more in assets. They can generally take an immediate tax deduction for their gift and contribute as often as they like.
- Depending on the size of their balance, their Fund has the potential to grow tax-free through one of our investment portfolios. Fund balances above $300,000 have the option for separate investment management.
- They can recommend grants to charities from their Fund by going online or contacting GLCF. They can take months – even years – to decide which causes to support, and GLCF sends the grant checks out for them.
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