A giving circle provides a way for friends, family members or co-workers to collectively support charities and causes.
What is a giving circle?
A giving circle is a group people who pool charitable gifts to achieve a greater impact. As a group, members make decisions on what organizations to grant to and witness the change their charitable gifts make. Donors make gifts to an IRS-qualified public charity, in this case Thrivent Charitable Impact & Investing (in the form of a donor-advised fund), and receive potential charitable tax deductions. We administer the gifts, holds or invests the assets and offers support and resources to the giving circle.
How to establish a giving circle fund
Create a fund.
- We will establish your fund based on the type of giving circle selected and send it to the chair/fund advisor for signing. Your financial professional also receives a copy (if applicable).
- For gifts of stock, include copies of either the stock certificates or the most recent brokerage statement. We will contact you with specific instructions on how to transfer the stock.
- For gifts of cash, do not send checks now. You may send a check after you receive confirmation your fund is established, or members have been invited to give online.
- Once the chair/fund advisor has confirmed your fund is established appropriately, we'll send information on how to manage your fund online along with a toolkit and resources for beginning your giving circle.
- Church small groups/Bible study groups;
- Networking/professional associations;
- Families seeking an affordable alternative to private family foundations;
- Social groups seeking additional ways to connect;
- Deepen relationship and educate themselves about philanthropy; and
- Supporters of charitable organizations, brought together to leverage their giving (i.e. alumni groups, parents, volunteers).
Benefits of a giving circle
- A giving circle can be established with as little as $200/person using gifts of cash or publicly traded securities or other assets. (giving circle fund minimum applies.)
- Giving circle members may choose to make additional outright and deferred gifts to the fund over time, or create their own donor-advised fund.