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Dec 23, 2024
4:56
:21
pm
Frank Drebin
All-American
Exactamundo
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Frank Drebin
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Frank Drebin
Joined
Dec 19, 2002
Last login
Dec 24, 2024
Total posts
4,541 (0 FO)
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Messages
Author
Time
Donor advised funds as a means of paying tithing. Does the church recognize it?
ledfoot
Dec 23, 3:33pm
If you have already made a donation to a charity, you already got the tax
Plato
Dec 23, 3:36pm
Does it matter who gets credit? The Church gets the money, you get the
Nikomedes
Dec 23, 3:37pm
Are you able to fund a DAF with a credit card? How do you do that?
elmerfudd
Dec 23, 4:02pm
Yes. I've done it several times.
Zenoch
Dec 23, 5:01pm
The tax deduction would come from when he placed money in the DAF
JamieTartt
Dec 23, 3:40pm
The church has its own donor advised fund. But you can use others
cougarfann888
Dec 23, 3:43pm
Through fidelity, you put a memo and mark your name, membership number and
Bin01015
Dec 23, 3:45pm
Oh, interesting. I'll have to try this. Nothing shows when I use DAF
txblue
Dec 23, 4:04pm
Thanks all
ledfoot
Dec 23, 3:49pm
It works really well but it doesn’t show up on the ward level. I typically
RevolutionDeathsquad
Dec 23, 3:51pm
Yup. I do it every year
TADOW
Dec 23, 4:12pm
Why are you donating to the DAF if only to donate to church later?
Plato
Dec 23, 4:18pm
Likely to bunch contributions - take std deduction yr 1, larger deduction yr 2
tiloman
Dec 23, 4:47pm
Exactamundo
Frank Drebin
Dec 23, 4:56pm
Hmm. So for mid/low income ppl to save a few bucks on already low tax rates
Plato
Dec 23, 4:58pm
It's easier to time donations. I donate company stock which requires pre-approval and can only be done
txblue
Dec 23, 4:48pm
What do you do with it other than pay tithing?
Plato
Dec 23, 4:59pm
That's it. Rest of our donations go to 2 local places.
txblue
8:56am
I do it bc it’s easier to donate appreciated stock this way. I just slide stocks
RevolutionDeathsquad
Dec 23, 5:32pm
Yup! We use a DAF to pay tithing
justAnotherCoug
Dec 23, 5:52pm
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