Ed and Donna, longtime donors to the work and ministry of Wycliffe Bible Translators, felt led by the Holy Spirit to “do something significant” beyond their normal ministry giving. However, their cash flow was tight and they weren’t sure how to make it happen.
The couple decided to meet with a Wycliffe Foundation gift planning Advisor to discuss their situation. The advisor encouraged them to look beyond their checkbook, and consider giving from their assets. He also recommended that they consider using a donor-advised fund (DAF), which would allow them to make a single asset gift for the benefit of multiple ministries.
Ed and Donna owned several pieces of real estate, and they were considering selling one of them to make a charitable gift. But the thought of paying capital gains taxes on the sale gave them pause. Their gift planning advisor explained that one benefit of a DAF was avoiding these capital gains taxes.
Ed and Donna agreed this would be an excellent asset to give through a Wycliffe Foundation donor-advised fund. Once the real estate was given to Wycliffe, it was sold, and the couple was able to make significant grants through the DAF to Wycliffe Bible Translators and two other ministries. The resulting grants were many times greater than their annual cash gifts.
Reflecting on their gift, Donna said, “We never thought we could make gifts of this size and magnitude. By giving an asset through our donor-advised fund we were able to dramatically increase our impact for Great Commission work!”
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