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Covenant Donor Advised Funds

A Covenant Donor Advised Fund offers the opportunity to remain actively engaged in the gift making process by suggesting the disposition of gifts to Covenant and/or other ministries over a period of time. 

How a Donor Advised Fund works:

  • You transfer assets with a minimum value of $10,000 to a Covenant Donor Advised Fund and receive an immediate charitable contribution tax deduction 
  • A formal agreement establishing your Covenant Donor Advised Fund is prepared and signed, setting forth details and distribution provisions

  • The Donor Advised Fund agreement designates who can suggest gift distributions from the fund
  • A minimum of 5% of the value of your Donor Advised Fund on January 1 must be distributed in each calendar year
  • You can add additional amounts to your Covenant Donor Advised Fund at any time
  • 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're happy to answer your questions and help you get started.

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