
Where Is God Now Ministries, Inc., has been gifted with a generous grant from the Nancy and David Rhinehart donor advised fund through National Christian Foundation. A donor-advised fund (DAF) is a charitable giving vehicle that allows individuals to make tax-deductible contributions to a fund. This fund is then invested for tax-free growth. The donor can later recommend grants to qualified charities of their choice.
National Christian Foundation supports 90,000 charities and churches from youth ministry, disaster relief, adoption, human trafficking and much more. Where Is God Now Ministries was recently added to the Foundation by the Rhineharts. This was their way to support the ministry. We are ever so grateful to them!
If you have a financial advisor/planner you can access DAF. Ask your advisor about the fund.
Here’s how it works:
- Contribution: An individual (or family, or organization) contributes cash, stocks, or other assets to a sponsoring organization (a public charity or community foundation).
- Tax Deduction: The donor receives an immediate tax deduction for the contribution, and the assets within the fund grow tax-free.
- Advisory Privileges: The donor retains advisory privileges over how the funds are invested and which charities receive grants.
- Grant Recommendations: The donor can recommend grants to qualified charitable organizations (501(c)(3) public charities) from the fund over time.
- Sponsoring Organization: The sponsoring organization, National Christian Foundation in this case, manages the fund, invests the assets, and disburses the grants according to the donor’s recommendations.
These are the benefits of using DAF:
- Tax Advantages: Immediate tax deduction for contributions, tax-free growth of assets, and potential avoidance of capital gains tax on appreciated assets.
- Flexibility: Donors can give when they can and grant when it’s needed, allowing for strategic philanthropy.
- Convenience: DAFs simplify charitable giving by allowing donors to bundle their giving and make recommendations over time.
- Engage Family in Philanthropy: DAFs are a great tool for individuals who want to involve family in charitable giving. Children or grandchildren can participate in grantmaking by serving as Fund Advisors.
- Estate Planning: DAFs can be used as part of an estate plan to ensure charitable giving continues after the donor’s death.
You can now donate to Where Is God Now Ministries, Inc., through the National Christian Foundation. Or, you can donate directly by clicking on this link, https://whereisgodnow.org/ and scroll down to “Donate” on the website. Further, you can donate by sending your check to 730 River Strand, Chesapeake, Virginia 23320. We take monetary, Required Minimum Distributions (RMDs), property, land, stocks, bonds, and any other assets you would like to donate to the ministry. We realize none of it belongs to us. We believe we are the steward that God entrusts to build His kingdom on Earth!… Amen.
Thank you for your continued love and support.
Please share with whomever…
Love & Blessings!
Gwen