Covenant Donor Advised Funds
A Covenant Donor Advised Fund offers the opportunity to establish a named Donor Advised Fund and remain actively engaged in the gift making process by directing the disposition of gifts to Covenant and/or other ministries over a period of time.
How a Donor Advised Fund works:
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You transfer assets with a minimum value of $25,000 to your Covenant Donor Advised Fund and receive a charitable contribution deduction
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A formal agreement establishing your Covenant Donor Advised Fund is prepared and signed, setting forth details and distribution provisions
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The Donor Advised Fund agreement designates who can direct gift distributions from the fund
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A minimum of 5% of the value of your Donor Advised Fund on January 1 must be distributed in each calendar year
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You can add additional amounts to your Covenant Donor Advised Fund
- Assets in Donor Advised Funds are managed by Covenant Trust Company®
Does the flexible convenience of a Covenant Donor Advised Fund fit into your charitable giving plans? Contact our office–we'll answer questions or help you get started.
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