STOCKS, DONOR ADVISED FUNDS, AND QUALIFIED CHARITABLE DONATION

 

  • Please use the information below to give via a Donor Advised Fund, and shoot us an email to be on the lookout for your gift! kroth@golovelive.com

    Northstar Tax ID: 33-1007297 (Northstar Vineyard Church is the official name)
    PO Box 801, Loveland, OH 45140
    Website: https://www.golovelive.com/
    Office: 513.683.1556

    What is a Donor-Advised Fund (DAF)?
    A donor-advised fund (DAF) is a philanthropic giving vehicle like a charitable savings account. It provides an immediate tax benefit to you and allows you to easily support Northstar and other charities of your choice over time. Generally, you can invest within the DAF tax free.

    How do Donor-Advised Funds work?
    DAFs can be easily set up through your financial institution or a community foundation to serve as a flexible charitable giving vehicle. For more information on how to establish a DAF, contact your financial advisor.

    Why are Donor-Advised Funds used?
    Note: Individual situations vary, so donors should consult their advisors. Eliminates capital gains on donated stock. DAF accounts have the potential to grow tax free, possibly providing additional funding when you are ready to make a gift.

    You can make recurring gifts with ease. You can quickly put your charitable dollars into action to respond to emergencies and disasters with an immediate grant.

  • Why donate appreciated stock or mutual funds?
    The total value of the stock upon transfer is tax-deductible (including the gain you would ordinarily pay taxes on if you were to sell the stock). There is no obligation to pay any capital gains taxes on the appreciation. Allows you to diversify your investment portfolio tax-free by gifting appreciated stock instead of cash. You then use the cash set aside for the gift to purchase different stock.

    Please use the information below to donate stock or mutual funds, and shoot us an email to be on the lookout for your gift! kroth@golovelive.com

    Contact the institution where your stocks are held and let them know you’d like to transfer the shares to the NorthStar Community Church account at Charles Schwab. You may need the following codes:

    DTC # 0164

    Account # 3488-1992

    Northstar Employer Identification Number (EIN) # 33-1007297

    Charles Schwab Employer Identification Number (EIN) # 31-1640316

    Receiving institution name: Schwab Charitable

    Receiving institution address: 1991 Summit Park Dr Orlando, FL 32810

  • Please use the information below to give via a retirement account, and shoot us an email to be on the lookout for your gift! kroth@golovelive.com

    If you'd like to make a QCD (Qualified Charitable Distribution) from a retirement account, your financial institution should make the check out to "NorthStar Community Church" and identify you as the donor by name and address.

    Checks may be mailed to:
    Northstar Community Church
    PO Box 801, Loveland, OH 45140

    Who Qualifies to make a QDC?
    If you’re 70-1/2 or older, you can donate up to $100,000 per tax year directly from an Individual Retirement Account (IRA) Tax Free!

    How does a Qualified Charitable Distribution (QCD) work?
    You must be 70-1/2 or older at the time of gifting via your IRA to charity. You may distribute an amount, up to $100,000 in a calendar year, to one or more public charities, so long as it is completed by December 31 of that year. Your IRA administrator must make the distribution directly to the charity.

    Benefits of making an QDC from an IRA:
    QCDs count toward your required minimum distribution for the year and help you avoid the taxes incurred by normal distributions from a retirement account.