You establish and name your fund at TMF and make an initial contribution valued at $10,000 or more and receive an immediate income tax deduction. These funds are either cash or appreciated assets such as stocks or mutual funds.
Once established, you can suggest that your favorite charities, such as your church, receive grants from your fund. Grant amounts can be relatively modest or more significant for projects such as contributing to a capital campaign or new building.
You can also suggest which charities you’d want to have any remaining assets upon your passing.