Ambassador Advisors’ partnership with Faithful Journey Foundation (FJF) has been significant for our clients who desire to be good stewards of their assets.
The mission of FJF – “to empower Christian families and ministries to financially impact the kingdom of God” – is a testament to the prioritization of Biblically Responsible Investing and formative financial change, so that the causes you invest in align with your most important personal values.
FJF’s screening process eliminates companies that may conflict with your morals by supporting practices such as pornography, abortion, or human rights violations. This intentional screening provides you with peace of mind and the knowledge that your resources are not contributing to societally harmful practices.
A key part of stewardship and BRI is understanding how to contribute to the causes you care about and to donate with a tax-wise strategy that saves money in the long run.
Some clients opt to support their favorite charities through donor advised funds (DAFs), which allow for flexibility of contributions and tax-wise giving options. There are many options for giving to a DAF, such as:
Non-cash donations are quickly growing in popularity amongst those who hold DAFs, according to National Philanthropic Trust. Cash and non-cash options may be eligible for tax deductions right away and those charitable assets can then grow tax free in the DAF.
A long-term appreciated asset that has been held for longer than one year may be the most tax-savvy contribution. This is because those long-term appreciated assets can receive a tax deduction for their full-market value, while also eliminating any potential to realize gains on their sale.
Another way to maximize charitable giving and reap potential tax benefits is to bunch DAF donations. With new standard deduction rules, many donors are not able to itemize deductions. By combining multiple years of annual donations into one, many clients can once again itemize and secure maximum tax benefits.
DAFs can be incredible vehicles for charitable giving and receiving tax benefits that otherwise wouldn’t have been possible. Allow Ambassador Advisors and the Faithful Journey Foundation to help you maximize your giving toward causes you cherish.
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