A Giving Fund (also known as a Donor-Advised Fund) is like a charitable investment account, for the sole purpose of supporting charitable organizations you care about. Giving Funds are the fastest-growing charitable vehicle in the United States because they are one of the easiest and most tax-advantageous ways to give to charity.
What can I access online?
You have full access to your fund through an Online Fund View portal and can review:
- Giving Fund balance
- Contribution activity; print receipts
- Grant history
- Recommend grants
How do I make a gift (contribution) to my fund?
- Credit Card
- Electronic Check
- ACH / Wire
*Make Checks payable to WaterStone referencing your fund number on the memo line.
How do I make a gift of marketable securities?
Do you accept gifts of real estate, business interests, stock or other non-traditional assets?
Yes. We specialize in transforming complex assets into living water for the Kingdom. Please contact Giving Strategies at firstname.lastname@example.org
to determine the best solution for your personal, charitable objectives.
When do I receive a contribution receipt?
Individual receipts are available/printable anytime through your Online Fund View. Annual cumulative receipts are mailed by January 31st.
What is the grant (distributions) process?
Grant recommendations can be made free of charge online.
Due diligence is processed on new organizations prior to releasing any grants. Grant checks are mailed out weekly with a letter indicating which WaterStone fund recommended the grant. Grant checks can also be sent out anonymously.
Which charities qualify for grant distributions?
You may give to any charity that is an IRS registered, tax-exempt 501(c)3 whose mission statement does not conflict with WaterStone's Statement of Faith
The IRS specifically disallows charitable distributions that:
- Provide private benefit to the giver or a related individual;
- Pay dues or membership fees;
- Purchase tickets to a charitable event or benefits, such as banquets, golf tournaments, auctions, or sponsorships;
- Pay a pledge made by a giver to another charitable organization;
- Pay for school tuition, except within the context of an established scholarship program;
- Support charities on the terror-watch list; or
- Support a political party or candidate for election.
May I recommend grants from my Giving Fund for foreign organizations or to organizations that do not have their tax-exempt status?
Nonqualified Grants may be available to support charitable activity for foreign or non-501(c)(3) entities. Please contact Giving Strategies at email@example.com
for more details.
How will the assets of my Giving Fund be invested?
- Funds held in cash with WaterStone will earn an indexed money-market return.
- Funds with a maintained balance of $25,000 or above have the option of participating in one of WaterStone's investment pools.
- Funds retaining $200,000 or greater may recommend an approved outside investment advisor.
What kind of pricing and fees can I expect?
- Deferred funds do not incur fees until activated through funding.
- For active funds, please see our current Pricing Schedule.
How do I name my Giving Fund in an estate gift or will?
To name your WaterStone Giving Fund as the charitable beneficiary for a Will, Bequest, IRA, Insurance, or Trust, list as follows:
The Christian Community Foundation Inc. dba WaterStone, Tax ID # 75-1750059, for benefit of (Name of WaterStone Giving Fund), (Fund #).
*Do not include specific charities in your estate documents, as these will be listed on your Giving Fund and can be updated at any time.
Private Foundation vs. Giving Fund
In recent years, private foundations have come under increasing scrutiny by Congress and the Internal Revenue Service due to recent abuses and questionable practices.
are a very attractive alternative since they avoid the administrative responsibilities and provide many other benefits. Converting private foundations into Giving Funds is a growing trend in the nonprofit arena.
A WaterStone Giving Fund operates similar to a private foundation but with added flexibility and maintaining the highest level of confidentiality and respect for your privacy. Depending upon your objectives, you may simply enhance your family foundation with the addition of a Giving Fund or completely dissolve your family foundation into a Giving Fund. WaterStone has the experience to assist you with either approach.
Concerned with 5% grant requirements and maintaining integrity of purpose of your private family foundation?
Private foundations require an annual 5% minimum distribution. You can satisfy your 5% grant requirement with a simple transfer from your family foundation to a WaterStone Giving Fund.
The IRS requires all foundations to file an annual tax return. With a Private foundation, this burden falls on you. A WaterStone Giving Fund simplifies this process because we handle the administrative and fiduciary responsibilities for you.
How can I communicate with you?
Do I need an attorney to establish a Charitable Pooled Trust (CPT) and what is the minimum contribution amount to open the fund?
- The CPT is simple to establish and no attorney is needed
- The initial contribution minimum is $50,000
How/why does the CPT offer an unprecedented charitable deduction?
A CPT that has been open for three years or less qualifies as a "young fund" which is eligible to use the yearly applicable federal rate (AFR) in calculating the charitable tax deduction; because of the low applicable rate the tax deduction is usually quite significant.
- Call 719-447-4620 or contact Giving Strategies at firstname.lastname@example.org for more information.
- A Giving Strategist Specialist will help you discover the best option available for your situation
Charitable Remainder Trust
What Charitable Remainder Trust does WaterStone provide?
A Charitable Remainder Trust may be an important solution in your planning; a way for you to make an irrevocable gift to charity while retaining a split-financial interest in the gift. Contact Giving Strategies at email@example.com
for guidance on the services that WaterStone offers.
What is the minimum amount to establish a WaterStone trust?
A Charitable Trust is recommended for initial contributions over $250,000.
What are the best assets for setting up a Charitable Trust?
Charitable Trusts are best established with highly appreciated assets, such as securities or real estate.
A trust is a legal document and requires objective, independent counsel. WaterStone will work with you and your legal counsel to establish your trust.
Does my trust need a trustee?
A trust requires a trustee. The trust creator can serve as his/her own trustee or WaterStone can serve as the trustee.
What is a Charitable Gift Annuity?
The WaterStone Charitable Gift Annuity is a contract between WaterStone and the donor. WaterStone may choose to reinsure Charitable Gift Annuities. Please contact Giving Strategies at firstname.lastname@example.org
for more information.
What is a Charity Advised Fund?
WaterStone works with thousands of charities to assist their donors in gifting assets of all types. Please contact Giving Strategies at email@example.com
for more information.