Make a gift with a
large impact.
Your donation through a donor advised fund (DAF), stock, or cryptocurrency will help support Lighthouse’s mission to build equitable communities that alleviate poverty. It will help provide emergency shelter, food, housing support, follow-up care, and more to local families in need.
GIVING FAQ
A donor advised fund (DAF) is a type of giving program administered by a third party that allows you to combine the most favorable tax benefits with the flexibility to easily support your favorite charities. It is created for the purpose of managing charitable donations on behalf of an organization, family or individual. An increasingly popular charitable vehicle, DAFs are an excellent way to both simplify your charitable giving and facilitate your strategic philanthropic goals. DAFs allow donors to give cash, stock and other assets where the donor receives an immediate tax deduction when the contribution is made, but can grant specified amounts to the charities of their choice at a later time.
Donor-advised funds provide a number of benefits that direct donations to a charity may not, including:
- Simplicity – The DAF sponsor handles all record-keeping, disbursements, and tax receipts Flexibility – Timing of your tax deduction can be separate from your charitable decision making
- Tax-efficiency– Contributions are tax-deductible and any investment growth in the DAF is tax-free. It is also easy to donate long term appreciated securities, eliminating capital gains taxes and allowing you to support multiple charities from one block of stock
- Family legacy – A DAF is a powerful way to build or continue a tradition of family philanthropy
- No start-up costs – There is no cost to establish a donor advised fund. However, there are often minimum initial charitable contributions to establish the DAF (typically $5,000 or more)**
- No transaction fees – Once approved, 100% of your recommended grant goes to your qualified public charity of choice**
- Privacy if desired – Donors may choose to remain anonymous to the grant recipient
** Sponsoring organizations generally assess an administrative fee on the assets in a DAF. These fees vary by sponsoring organization.
To learn more about Donor Advised Funds, please reach out to Michelle Olmsted at molmsted@lighthousemi.org.
The IRS classifies cryptocurrency as property for tax purposes which means it is typically the most tax efficient way to support your favorite cause. Donating cryptocurrency is a non-taxable event, meaning you do not owe capital gains tax on the appreciated amount and can deduct it on your taxes.
When donating crypto, you receive a tax deduction for the fair market value of the crypto, and you avoid the capital gains tax you would have incurred if you had sold the crypto and then made a donation. Please contact your tax or financial advisor for more information.
If you provide an email, you will automatically receive a tax receipt after donating.
If you want to learn more about how donating crypto can lower your taxes, check out thegivingblock.com/faq.
All cryptocurrency donations made via The Giving Block are nonrefundable.
- Bitcoin (BTC)
- Ethereum (ETH)
- Basic Attention Token (BAT)
- Aave (AAVE)
- Alchemix (ALCX)
- Amp (AMP)
- Ankr Network (ANKR)
- Axie Infinity Shards (AXS)
- Balancer (BAL)
- Bancor Network Token (BNT)
- BarnBridge (BOND)
- Bitcoin Cash (BCH)
- ChainLink (LINK)
- Compound (COMP)
- Curve (CRV)
- Dai (DAI)
- Decentraland (MANA)
- Dogecoin (DOGE)
- Enjin Coin (ENJ)
- Fantom (FTM)
- Filecoin (FIL)
- Gemini Dollar (GUSD)
- Injective Protocol (INJ)
- Kyber Network (KNC)
- Litecoin (LTC)
- Livepeer (LPT)
- Loopring (LRC)
- Maker (MKR)
- Mirror Protocol (MIR)
- Moss Carbon Credit (MCO2)
- Orchid (OXT)
- PAX Gold (PAXG)
- Polygon (MATIC)
- Ren (REN)
- Skale (SKL)
- Somnium Space (CUBE)
- Storj (STORJ)
- SushiSwap (SUSHI)
- Synthetix (SNX)
- Tezos (XTZ)
- The Graph (GRT)
- The Sandbox (SAND)
- Smooth Love Potion (SLP)
- Terra (LUNA)
- TerraUSD (UST)
- UMA (UMA)
- Uniswap (UNI)
- Yearn.Finance (YFI)
- Zcash (ZEC)
- 0x (ZRX)
- 1inch (1INCH)