(804) 726-1550 | Ministry Inquiry
Some business owners separate their wealth management from their ministry support.
It doesn’t have to be that way. God owns our businesses and we are managers who will give an account of how we managed this particular aspect of His blessings in our lives.
We'll help you grow your giving potential as you discover the unique tax advantages a business owner can experience in pursuit of family giving goals: significant tax planning opportunities during your active service, and even more compelling tax savings when you retire and transition the ownership of your company.
RCF is here to help you think about your business and charitable giving in a different way. We’ll partner with you to explore the financial and spiritual growth you can experience when your wealth management and charitable giving work together.
1 Peter 4:10
You make a tax-deductible charitable gift of cash or non-cash asset such as stock, personal property, business ownership, retirement accounts, real estate, and more to Richmond Christian Foundation.
The value of your donated asset is credited to your Giving Fund, which we’ll invest in the market for growth, or preserve the balance in a money market account—your choice.
You can contact us directly at any time to recommend a grant be made from the balance of your fund to the nonprofit ministry of your choice.
The ministry you blessed receives the payment from us along with a letter that lets them know the gift came from your fund (or you can choose to remain anonymous).
Learn from the following illustrations why a Donor Advised Fund is today's fastest-growing charitable giving vehicle, providing a simple, tax-advantaged way to give to your favorite charities.
Jennie’s tax preparer told her that making a year-end charitable contribution would offer her a meaningful tax benefit. She didn’t like feeling rushed to choose which charities to support.
Instead, making a one-time gift to her DAF allowed her to receive the full tax benefit of her charitable contribution that calendar year, and gave her an unlimited amount of time to decide when and where her charitable dollars would eventually go.
While she waited, the money was invested tax-free in the market, growing her giving capacity over time.
Paul was ready to sell the family lake house for $750,000 and wanted to support the local pregnancy center with half the proceeds of the sale. Prior to selling, he gifted 50% ownership to Richmond Christian Foundation. This charitable donation significantly reduced his taxable income. After the sale, Richmond Christian Foundation credited Paul’s DAF with $300,000, and he received one simple charitable giving receipt.
Paul knew making a large, one-time gift would complicate the pregnancy center’s budget. Instead, Richmond Christian Foundation could make recurring, smaller gifts to the pregnancy center for years to come at Paul’s direction, while Richmond Christian Foundation handled all the record-keeping.
Donovan was planning to sell $20,000 in appreciated stock to make a gift to his church’s building fund. A friend gave him a better idea: donate the stock to the church instead, that way Donovan wouldn’t pay upwards of $4,000 in capital gains taxes from the sale.
When the church secretary said she didn’t think the church was set up to receive a gift of stock, Richard laughed and said it was OK. He gifted the stock to Richmond Christian Foundation, and the full value went to his DAF. At Donovan’s direction, Richmond Christian Foundation mailed a check to the church for $20,000.
Richmond Christian Foundation serves donors, businesses, advisors, and ministries.
This site is informational and educational in nature. It is not offering professional tax, legal, or accounting advice. For specific advice about the effect of any planning concept on your tax or financial situation or with your estate, please consult a qualified professional advisor.