Donor Advised Fund Frequently Asked Questions
Do I receive a charitable deduction for a gift to my Donor Advised Fund?
Yes, you will receive a charitable deduction in the current tax year of the gift for your initial gift and any subsequent gifts given to your donor advised fund.
Does Biblica Ministries Foundation charge me a management fee for administering my DAF?
Biblica Ministries Foundation does not charge our DAF management fees allowing you to have more to give to the organizations you support. We do ask that 10 percent of every dollar of principal and income distributed be given as a gift to be used in Biblica’s ministry.
Am I limited as to what type of organizations I can give to through my DAF?
Biblica Ministries Foundation asks that distributions through your DAF be to Christian non-profit organizations that share our values. The planned giving staff will happily research an organization at your request to determine if they are eligible.
If you would like more information, call us toll free at 1-800-448-0456 or click here.