Our Donor-Advised Fund
A LegacyWay Donor-Advised Fund is much like having your own foundation. It's a purposeful way to give that helps grow the Kingdom.
Our DAF is the easy-to-use tool for Believers who are interested in strategic giving for maximum impact. Your fund can be invested for tax-free growth, resulting in added support for the ministries and faith-aligned organizations you love. We understand that everyone has different charitable giving objectives and risk tolerances. Our team of experts will help you select an investment pool that can meet your goals.
DAFs also provide an opportunity to share the joy of giving to ministries and faith-aligned organizations with your family. Design your DAF so that your children or grandchildren can make grant recommendations from the fund for a selected number of years after you have gone to be with the Lord. When this term ends, the remaining fund balance is distributed to the beneficiary organization you selected.
How to Start a Donor-Advised Fund
To open a DAF, the first step is to name your new account. You can use your name (ex. The James Williams Fund), a family name (ex. The Williams Family Fund), or choose to honor someone (ex. The Mary Lake Williams Memorial Fund). The possibilities are limitless, and the decision is completely up to you!
Next, you must fund your newly opened account. You can use a variety of sources, including but not limited to:
Contact our generosity specialists for a comprehensive list of assets that can be used to open your DAF.
After naming and funding your account, you immediately receive the maximum tax deduction allowed. Then, the rest is simple. Select an investment pool for your DAF to grow tax-free and, when you’re ready, submit your grant recommendations based on the Christian charities you care about most.
Fees and Minimums
We understand that giving comes from the heart and that Kingdom-impact can be achieved through gifts of all sizes. We recommend $5,000 for your initial contribution, however, there is no minimum requirement to open your DAF. LegacyWay knows cost-effective fees provide Believers greater opportunities to transform the Kingdom with generosity.
What Do These Fees Mean?
Our low-cost administrative and investment fee ensures that more of your dollars go to the ministries and organizations you love. Administrative fees are tiered according to your account balance with a maximum fee of 0.45% or $100, whichever is greater.
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Continue Supporting the Organizations You Care About
Once your account is open, you are ready to begin giving! Simply complete and submit your grant recommendations based on how you wish your DAF funds to be distributed. While we, as a public charitable organization, may not be legally obligated to distribute your funds as you desire, we seek to honor your wishes to help further the organizations and causes you hold dear.
Here are just a few of the organizations you can help:
- Send Relief
- International Mission Board
- Southern Baptist Convention
- United Methodist Church
- Global Ministries
- Lottie Moon Offering
- North American Mission Board
- Church of the Nazarene
- Presbyterian Mission Agency
- Samaritan’s Purse
- Christian children’s homes
- Faith-aligned churches
Ready to Get Started?
Take the first step and find joy through giving today.