What is a Single-Charity Fund and why you need one in 2021

Last year, we helped givers take advantage of a 100 percent AGI (adjusted gross income) giving opportunity, as allowed by a lesser-known provision of the CARES Act. The good news is now this beneficial opportunity has been extended through 2021.

To do this, your donations must be in the form of cash gifts made directly to the charities you wish to support – not your Giving Fund (donor-advised fund) at NCF. And while you may want to give some of your support to charities before the year-end, you might feel that others would be better off to receive your support more gradually over time.

If that’s the case, a Single-Charity Fund at NCF can help. In many respects, a Single-Charity Fund is similar to a Giving Fund. Like a Giving Fund, a gift to a Single-Charity Fund before December 31, 2021 allows you to qualify for a tax deduction this year. And it permits you to grow those funds by investing them in a tax-favored environment, to the extent that they’re not all granted out by year-end.

But unlike a Giving Fund, which enables you to recommend grants to multiple charities, your grant recommendations for a Single-Charity Fund must go to one single identified organization that you’ve named as the beneficiary of the fund. For that reason, you may wish to set up multiple Single-Charity Funds if you know that you have a number of charities you want to support, but want to take the time to prayerfully discern when those resources should be made available to each one.

If you have questions about the Single-Charity Fund at NCF and how it might further your giving goals for 2021, please reach out to your NCF team today. If you don’t have a local team, visit to find an office near you.

Learn more in our Single-Charity Fund one-page sheet.

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