Mission Fund FAQ

What is a Mission Fund?

Are donations to my Mission Fund tax-deductible?

How do I access my Mission Fund on-line?

What is a grant?

How many grants do I have to make each year? Is there a minimum grant amount?

Can I make anonymous grants?

Can I give to an individual through my Mission Fund?

How quickly can The Generosity Trust make a grant from my Mission Fund?

How can I check my balance and see a record of grants made with my Mission Fund?

What types of gifts can I use to fund my Mission Fund?

How much do Mission Funds cost to set up and maintain?


What is a Mission Fund?

A Mission Fund (also called a donor-advised fund) is a flexible, simple and easy way to manage your charitable giving. Think of it as your charitable checkbook. You can make tax-deductible gifts into your Mission Fund (a deposit into your checking account), and then you recommend grants from that Fund over time (writing a check from your checking account).

It's like having your own private foundation, but with none of the hassles (and costs) and all of the joy. And we do almost all the work!


Are donations to my Mission Fund tax-deductible?

Yes. You will be given a tax-deductible receipt for your gifts into your Mission Fund, and you can make as many gifts into your fund as you like.

How do I access my Mission Fund on-line?

On the upper right-hand corner of the website is a button called "Fund Login."  Simply click once on this link to take you to the fund management area.


What is a grant?

A grant is a monetary gift you recommend to be given to a charitable organization from your Mission Fund. 


How many grants do I have to make each year? Is there a minimum grant amount?

Grants can be of virtually any size. You can send out one grant a year, or fifty grants a month. It's totally up to you (and the balance in your fund, of course). We do all the administrative work of verifying the organization (a critical step), writing and mailing the check, and following up to make sure the check was received.


Can I make anonymous grants?

Yes! Some or even all of your grant recommendations can be sent anonymously to the recipient organization.


Can I give to an individual through my Mission Fund?

We cannot make grants to individuals. All grants must be sent to an IRS approved organization or church. The Generosity Trust does have an innovative scholarship program to help support qualifying individuals raise support for college, seminary and other educational opportunities. Read more in Timothy Scholarships.


How quickly can The Generosity Trust make a grant from my Mission Fund?

We generally mail grant checks on the same day you recommend the grant. Occasionally, it may take several days, if the ministry or church is a new ministry to us. In those cases, we are required to do due diligence to ensure that the ministry is indeed a 501(c)(3) organization, and not engaged in any activity we would not want to be associated with. We also have to ensure that no benefits would potentially flow back to you (seats at a banquet, a round of golf, etc). In those cases, we have to carefully work out the parameters of the gift to as to not run into trouble with the IRS.


How can I check my balance and see a record of grants made with my Mission Fund?

You get immediate on-line access to your account (to make gifts in, look up previous grants, make grant recommendations, etc), and we can also mail or e-mail you monthly statements.


What types of gifts can I use to fund my Mission Fund?

We can accept cash, checks, publicly traded securities (like Apple stock), real estate (with no debt), privately-held stock (like in an S-corp or a C-corp or an LLC), and other creative gifts as well. We'd be happy to talk with you and work with your financial advisors to help you make the most of your charitable giving.


How much do Mission Funds cost to set up and maintain?

There are no costs to establish a Mission Fund with The Generosity Trust, and no costs for grant checks, mailings, statements, or on-line access. We absorb that cost for you. There may be costs involved in the investment of the assets in your Fund, depending upon the type of Mission Fund you choose. See Types of Mission Funds for more information.