NCF Giving Fund – Frequently Asked Questions
At the NCF, our givers use their Giving Funds in all sorts of ways to advance the work of God’s Kingdom purposes. We thought it might be helpful to post responses to a few frequently asked questions that surface regularly…
Can I use my NCF Giving Fund (DAF) to fulfill a charitable gift pledge to a church or non-profit?
Yes, if the pledge is specified correctly up front.
As to the fulfillment of a pledge, advising grants from an NCF Giving Fund are permissible so long as the pledge is non-binding and the payment is subject to the independent approval of the NCF.
In making any pledge with the intent of possibly using NCF funds, it is critical to clearly specify the pledge is non-binding and subject to independent NCF approval.
Please contact our office if you have further questions or want to discuss these issues in greater detail.
Can I use my NCF Giving Fund (DAF) to purchase a table at a gala or pay for a foursome at a golf fundraising event?
Yes, you can pay for the cost in full if you are not sitting at the table or playing in the foursome you sponsor.
If you plan to sit at your own table or play in your own foursome then your Giving Fund can only be used to cover the cost for others. You must pay personally for your pro-rata share of the cost.
For example, if a table for ten is $1,000 then your Giving Fund can pay for $900 and you pay $100 personally. If the golf foursome is $1,000 your Giving Fund can pay $750 and you pay $250 personally.
IRS rules actually extend the “personal benefit” rules to “related persons” which generally means family members. Therefore, if your spouse and you sit at the $1,000 gala table for ten then your Giving Fund can only pay $800 and you pay $200.
If your son and you play in the golf event, then your Giving Fund can only pay $500, and you pay $500 personally.
Where can I find my quarterly statements?
As a giver with NCF, we are thankful that you are thoughtful and intentional with your charitable giving. No matter where you are in your generosity journey, it is helpful to regularly step back and reflect on your giving. One way to do so is to review your quarterly NCF Giving Fund Statements. Each quarter, our Marketing and Communications department will send out an email to notify you that your Giving Fund statement is available online.
To review your quarterly statements, you can log into your Giving Fund and click “Activity” at the top of the page. On the Activity home page, your most recent quarterly statement can be on the right-hand side along with other recent statements.
To view all of your quarterly statements, click “Statements” on the left-hand side of the page.
We hope you take the opportunity to review these and reflect on your giving. If God is nudging you to act and you have questions, please reach out to our team at twincities@ncfgiving.com. Our desire is to help you maximize your impact.
Please contact our office if you have further questions or want to discuss these issues in greater detail.