4 Timely Considerations
More and more supporters are giving to Chicagoland Prison Outreach (CPO) through their donor-advised funds.
Like a “charitable giving account,” a donor-advised fund (DAF) allows you to give cash, stock and other appreciated assets into a single account. From there, you can recommend grants to Chicagoland Prison Outreach and your other favorite causes.
Why are DAFs so popular? For many people, it’s all about time.
- Receive an immediate tax deduction. Trying to beat the clock for year-end giving? As long as your gift is deposited by December 31, you can claim credit on this year’s taxes. Later, you can advise how to distribute the funds.
- Choose the timing of your distributions. Promptly direct funds from your account to address real-time ministry needs.
- Save time-wasting hassles when giving stock, real estate, or other assets. Your donor-advised fund administrator will handle the liquidation of appreciated assets that you’d like to convert into cash for ministry.
- Save time when giving to multiple ministries. Streamline your giving and record-keeping by gifting all cash, stock or other appreciated assets into a single account from which you’ll receive one charitable receipt.
Is it time for you to consider a donor-advised fund?
Through Chicagoland Prison Outreach’s partnership with Barnabas Foundation, you have access to the Stewards Fund, a Christian donor-advised fund. To learn more, call David Sherwood at 708-331-3301 or email David@CPOMinistries.org.
