Single Charity Fund

A single charity fund, or SCF, is the perfect giving solution for anyone seeking to make a long-term impact on a specific ministry. Similar to a donor advised fund (DAF), an SCF acts like a savings account for your charitable giving. But unlike a DAF, which allows you to give to any 501(c)(3) nonprofit organization, an SCF focuses your giving on a single charitable beneficiary.

It’s simple: you make gifts to an SCF and receive immediate tax benefits. Your gifts grow through investment. When you’re ready to grant funds from your SCF, WatersEdge sends the check on your behalf with the click of a button — no paperwork, no hassle.

Single charity funds solve a common problem for donors who are ready to make a gift and know what ministry or institution they wish to support, but don’t yet know which specific initiative they want their gift to advance.

There’s another important difference that makes SCFs unique: unlike a DAF, they can be funded with qualified charitable distributions (QCDs) from a traditional IRA. This allows a donor to satisfy (or exceed) their IRA’s required minimum distribution (RMD) while simultaneously avoiding the tax consequences of IRA distributions.