Empowering  Businesses 

Jennie’s tax preparer told her that making a year-end charitable contribution would offer her a meaningful tax benefit. She didn’t like feeling rushed to choose which charities to support. 

Instead, making a one-time gift to her DAF allowed her to receive the full tax benefit of her charitable contribution that calendar year, and gave her an unlimited amount of time to decide when and where her charitable dollars would eventually go. 

While she waited, the money was invested tax-free in the market, growing her giving capacity over time. 

Paul was ready to sell the family lake house for $750,000 and wanted to support the local pregnancy center with half the proceeds of the sale. Prior to selling, he gifted 50% ownership to Richmond Christian Foundation. This charitable donation significantly reduced his taxable income. After the sale, Richmond Christian Foundation credited Paul’s DAF with $300,000, and he received one simple charitable giving receipt. 

Paul knew making a large, one-time gift would complicate the pregnancy center’s budget. Instead, Richmond Christian Foundation could make recurring, smaller gifts to the pregnancy center for years to come at Paul’s direction, while Richmond Christian Foundation handled all the record-keeping. 

Donovan was planning to sell $20,000 in appreciated stock to make a gift to his church’s building fund. A friend gave him a better idea: donate the stock to the church instead, that way Donovan wouldn’t pay upwards of $4,000 in capital gains taxes from the sale. 

When the church secretary said she didn’t think the church was set up to receive a gift of stock, Richard laughed and said it was OK. He gifted the stock to Richmond Christian Foundation, and the full value went to his DAF. At Donovan’s direction, Richmond Christian Foundation mailed a check to the church for $20,000.