I do it bc it’s easier to donate appreciated stock this way. I just slide stocks

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Dec 23, 2024
5:32:07pm

RevolutionDeathsquad All-American

I do it bc it’s easier to donate appreciated stock this way. I just slide stocks

from my Fidelity brokerage account to my Fidelity DAF periodically throughout the year. And then at year end figure out my tithing and pay it all directly out of the DAF to the Church. I don’t need to contact the Church to donate in kind of anything like that, I just direct the distribution from the DAF.

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RevolutionDeathsquad

Previous username: hansel
Bio page: RevolutionDeathsquad
Joined: Oct 25, 2004
Last login: Dec 24, 2024
Total posts: 24,878 (1,911 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

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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