Jan 10, 2019
3:12:46pm
3:12:46pm
When it changed last year in December, I quickly made a direct DIK
to the church for 2018 the last week of the year (I had already done one for 2017).
In August 2018, with the market so high, I took profits and DIK'd for 2019 and 2020 via a DAF. I will be making my first 2019 tithing & FO payment via the DAF soon. So far, I really like the DIK because it is hard to estimate one year in advance, and even harder two years in advance. Not only that, I can donate to other charities through the DAF and not lose the writeoff, although after tithing, I am pretty stingy.
Unless the tax law changes, I plan on bunching my donations. The last year I work, I may make a 4 or 5 year donation via a DAF.
In August 2018, with the market so high, I took profits and DIK'd for 2019 and 2020 via a DAF. I will be making my first 2019 tithing & FO payment via the DAF soon. So far, I really like the DIK because it is hard to estimate one year in advance, and even harder two years in advance. Not only that, I can donate to other charities through the DAF and not lose the writeoff, although after tithing, I am pretty stingy.
Unless the tax law changes, I plan on bunching my donations. The last year I work, I may make a 4 or 5 year donation via a DAF.
- Bio page
- Acorn
- Joined
- Nov 25, 2004
- Last login
- Apr 16, 2024
- Total posts
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1/10/19 8:34am
1/10/19 8:46am
1/10/19 9:00am
1/10/19 9:10am
1/10/19 10:28am
1/10/19 11:26am
Correct. l specify the date of purchase and # of shares so that, if audited, the IRS has no basis to conclude
1/10/19 11:41am
I keep records including the DIK form I send to the Church. My accountant (who is not a member of the Church) thinks
1/10/19 11:42am
1/10/19 1:08pm
1/10/19 3:09pm
1/11/19 4:36pm
1/11/19 11:37pm
4/1/19 12:29pm
5/6/19 12:40pm