Make a Gift with a non-MMFA Donor-Advised Fund
The donor-advised fund (DAF) is becoming an increasingly popular way to make a charitable gift. MMFA opens and manages donor-advised funds for Moravians and that will be discussed in the next section. DAFs can provide you with immediate tax benefits while making your charitable giving easier. Here are three simple ways you can make a gift through your non-MMFA DAF:
- Make an outright gift by suggesting a grant through Moravian Ministries Foundation in America to your church or favorite ministry
- Designate Moravian Ministries Foundation in America to receive all or a portion of the fund value upon the termination of the fund.
- Create a donor-advised fund with MMFA and then make a grant from your other DAF for the full amount to your new MMFA fund.
You can select the option that best suits your philanthropic and financial goals to support Moravian ministry. Just contact your fund administrator to request a distribution or beneficiary form or download the appropriate form(s) from your administrator’s website.
If you include Moravian Ministries Foundation in America in your plans or make a grant to us, please let us know and use our legal name and federal tax ID.
Legal Name: Moravian Ministries Foundation in America
Address: 119 Brookstown Ave, Suite 305, Winston-Salem, NC 27101
Federal Tax ID Number: 56-2108469
Creating a Donor-Advised fund with Moravian Ministries Foundation in America
You establish a fund with MMFA. We sponsor the Moravian donor-advised fund program. Our minimum contribution to start a fund is $5,000. Then, all you have to do is make an initial contribution to start your fund of cash or appreciated assets such as stocks or mutual funds. You’ll get an immediate income tax deduction and we let you name your fund.
Once established, you can suggest that your favorite public charities, such as Your Church, receive grants from your fund. The grants can be relatively modest or larger for projects such as a capital campaign or a new building.
You do not get an additional tax deduction for these grants. You can also suggest which charities you want to have any remaining assets in your fund at your passing or you can create another fund with MMFA to continue on for a term of years or perpetually. Moravian Ministries Foundation in America is grateful for gifts that come to and from donor-advised funds for ministry.
If you are considering establishing a donor-advised fund please reach out to us. You should also consult your professional advisor for their guidance.