What is a Family Gift Fund?
A Family Gift Fund is a descriptive name for an LCMS Foundation donor-advised fund. This is a form of endowment fund where you, or someone you choose, may offer advice as to when, how much, and to which charitable organization gifts should be made. A Family Gift Fund is a great gifting instrument if you are:
- Seeking continued involvement with ministry
- Looking for a simplified way to give to many different ministries or other charitable organizations
- Wanting to involve your family in the decision-making process of making gifts
You may select yourself or any member of your family to act as an advisor, but to eliminate confusion, only one individual may submit distribution requests to The LCMS Foundation. A Family Gift Fund is often a wise alternative to a private family foundation.
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