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Donor Advisor Funds
336 Plays3 years ago
Generosity, like anything else, requires being intentional to be fruitful. And being wise with how you give can lay the groundwork for a generational legacy that benefits not only your passion charities but also your tax situation, which can free up even more for giving.
In this episode we’re talking with Dan Navarra from National Christian Foundation, a 501(c)(3) organization that manages donor advised funds, the fastest growing charitable vehicle in the world. We’ll talk through what a donor advised fund is, the extended tax advantages, and how to unlock non-cash assets for charitable use. Plus, Dan reviews the importance of giving and how it ultimately points us back to a good and gracious God. Finally, how being thoughtful with your giving can help assure an impact that extends beyond our own lives.
For more information, visit https://www.ncfgiving.com/library/
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Transcript
Introduction to Uncommon Wealth Podcast
00:00:00
Speaker
Everyone dreams of living an uncommon life and the best asset you have to achieve your dreams is you. Welcome to the Uncommon Wealth Podcast. We're going to introduce you to people who are living uncommonly. We're also going to give you some tools and strategies for building wealth and for pursuing an uncommon path that is uniquely right for you.
00:00:25
Speaker
Welcome, everybody, to Uncommon Wealth Podcast, where I'm your host, Phillip Ramsey. And I'm Brian Dewhurst. Super grateful that I said that name right. Man. You know, when you make a big change, it's like... It takes a while. It's when we used to have to write checks after the beginning of the year. Yes. It's like one of those things.
00:00:42
Speaker
It is, and it is a new year, grateful that you're on the show. We have an amazing guest with us today, but here's what I wanna do. I wanna encourage you, this year's gonna be a good year for you. It's just got a good feeling, okay? So thank you for being part of the uncommon wealth, uncommoners as we call us. We're grateful that you're here. We hopefully that this will give you a good idea of how to be charitable. We have a guest on the show, he's kind of a big deal. People know him, his name's Dan. All right, give us a bio,
Meet Dan Navarro: Ministry and NCF Role
00:01:10
Speaker
we'll get into it.
00:01:10
Speaker
All right, we have the one, the only, Dan Navarro on the line. Dan has a little bit lengthy bio, so I'm going to try to trim it just a touch. He graduated from college and then he went to the Fuller Theological Seminary for his Masters of Divinity. I kind of feel like I want that. That sounds nice. Dan answered the call to vocational full-time ministry in his college years.
00:01:33
Speaker
and enjoyed 15 years as a local church pastoral ministry person and specialized in teaching project management and stewardship. And he is now with the National Christian Foundation, and that's what we're going to unpack today. He also has a wife, Amy, who we know and is awesome. Rockstar. And three sons. So we're going to unpack legacy, giving, and all that is in between.
What is the National Christian Foundation?
00:02:00
Speaker
Welcome to the show, Dan Navarro.
00:02:02
Speaker
Hey, thanks so much for having me, guys. I am just thrilled to be here. Yeah, you should be. There's millions of followers and listeners. And so there's a lot of people this is going out to. Definitely my parents and pride's parents. So at least we got four. My parents don't even listen. Okay, so there's only two. That's not true. We actually have a little bit more listeners than I ever thought we would. So thanks for being on. First, let's unpack NCF. What is that? How did you get involved with it? Seems like a pretty cool organization and you're jazzed about it. So let's start there.
00:02:31
Speaker
Yeah, NCF's amazing. If you haven't heard of National Christian Foundation, I tell people all the time, it's the best kept secret in Christianity except for Jesus. And I know because it's amazing how many Christians just don't understand. And so the reality is, and NCF's been around for 40 years. It was started by three guys, their names that you or your parents might recognize. Terry Parker, who's still alive, Ron Blue, people know Ron Blue Trust a little bit. And then Larry Burkett, Larry Burkett, I tell people he was Dave Ramsey before Dave Ramsey was cool.
00:03:01
Speaker
and so they were starting the eighties and since the eighties we have had generous christians grant out a total we just crossed the fifteen billion with a b mark this year yeah pretty cool it was a big celebration for our company started out in atlanta georgia and that's where our national office is there is about two hundred two hundred and fifty employees there that's where all the
00:03:27
Speaker
the lawyers and the CPAs, all the people with all the letters behind their name exist. And then there's about 30 national affiliate type offices throughout the country.
Understanding Donor Advised Funds and Tax Benefits
00:03:37
Speaker
And we service all 50 states and I am with the California office and that is an absolute blast. And so I am the Central Valley area director for NCF California. And you guys aren't anywhere close to that, but it doesn't matter because there's an NCF person who's in whoever's backyard who's listening to this,
00:03:57
Speaker
podcast. And so that's kind of the history of NCF at our core, we were a donor advised fund. And that's a phrase that if you're not familiar with, and you're listening to this, you probably should become familiar with the donor advised funds, the fastest growing charitable vehicle in the world. And it's because it's got some pretty incredible tax benefits for people who want to be generous. And NCF is far away the largest Christian granting organization out there. And so
00:04:24
Speaker
So is it safe to say, Dan, that like people could, if they wanted to do a donor advise fund and if that was part of their plan, that's something they could open and steward through your organization?
00:04:36
Speaker
Yeah, 100%. And what I'll say by way of just being honest and open about that is pretty much any financial brokerage firm like Schwab, TD Ameritrade, whatever, they all have donor advised funds attached to their wealth management system. And this is kind of the interesting part.
00:04:56
Speaker
They are not 501c3 nonprofits the same way that NCF is. We are a charitable ministry, right? According to tax code. And so our charitable purpose is to actually help people develop a habit of generosity. And so we actually have a mission statement that sounds a lot like a church, right? And that's because we're not just trying to be a financial institution. We're actually a ministry that's trying to release resources. So for instance,
00:05:22
Speaker
Schwab has the largest donor advice fund in the world and they have like a total of I think last count was like 14 or 15 employees on the Schwab charitable model.
Maximizing Tax Benefits with Donations
00:05:33
Speaker
Yeah, because they're outsourcing all the management their for-profit sector, right? And so yeah, yep, they're taking in they're taking in dollars and for every dollar they take in it takes
00:05:48
Speaker
They're only granting out 15 to 20% of those dollars every year. So it takes 10 years for every dollar that goes in to actually get to the ministries that need that money. NCF's totally different, right? For every dollar we take in, we're granting out 70 to 80% of it a year. And so it's taking a third of the amount of time to actually get those dollars into the hands of ministries. We love that because we actually want to see ministries funded by generous people.
00:06:15
Speaker
I mean, be better, Charles Schwab. Be better. What do we do? Come on, Chuck. Come on, Chuck. Okay. Hey, I want to go this because you did kind of briefly touch on it. Tax benefits for donor advised fund. What are they? You said they're cool. Tax benefits. Let's talk about it quick. So people like me on listening is like, Oh, what, what could they be?
00:06:33
Speaker
Okay, so if you just give straight cash to a donor advised fund, you can take a deduction up to 60% of your AGI for the amount that you give, okay? And there's a five year carry forward on that plus the year that you give it in. So if you have, man, we have a major liquidity event and you just now had that, you had that event six months ago and you're just now hearing this podcast and you just heard about donor advised fund,
00:07:01
Speaker
You have the cash on hand, you've already paid taxes, and you still need a deduction, right, to match that liquidity event. You can give a big old chunk of change to NCF, we'll hold onto it for you, and you take that deduction, you can carry it forward against 60% of your AGI for the next five years, okay?
00:07:16
Speaker
If you give an appreciated asset, you can carry that forward 30% of your AGI. So if you're selling a business, real estate, property, stock, that has a 30% AGI deduction, fair market value deduction that you can carry forward for five years plus the year you give it in.
00:07:37
Speaker
And if you do a combination of the two, it's 50%. So there's some massive benefits. A lot of people think, oh, I should give it to my private foundation. The tax benefits are not quite as strong with foundations. Plus, there's a bunch of bulky overhead, typically, with running a foundation. And so the donor advised fund is like, if you think with your Dave Ramsey glasses on, he has your savings envelope. Remember the envelope system, guys? Oh, we know. We know. We're on the same page here, Dan.
00:08:07
Speaker
You have your spending envelope and then you have your giving envelope. Maybe functionally in your bank account, you have a savings account. That's your saving for a rainy day. You have your checking account. That's what you're spending on any given month. Then you have your giving fund with NCF and that's your charitable checking account.
00:08:23
Speaker
literally from your cell phone, you can grant to charity and it takes minutes. It's very easy to set up just like as if I was opening a checking account on my Citibank app. It's the same, it takes two or three minutes to open a giving fund with NCF and that functions as your charitable checking account, your donor advised fund.
00:08:40
Speaker
And the way that that works is you get the tax benefits now because you give the money to us, we're the 501c3, you're the ones, we are the ones who send you your tax deduction letter at the end of the year, your statement for giving. And then you, once that money is given to us, can grant it to whatever charities you want at whatever interval you want. And so if you have this liquidity event, say you sell a $10 million business and you gave NCF
00:09:06
Speaker
10% of the shares, it's a million bucks, right? You're not going to give a million dollars to your church the next day, right? They're going to build the youth pastor, a swimming pool in his backyard or something. So you can grant it out in 2010, 20, $30,000 increments as much as you want, as fast as you want. And it's very easy to set up from the comfort of your couch.
00:09:27
Speaker
nice i want to go i want to take one step back sure and i think the two words that we're kind of touching on maybe today are one giving and two legacy
00:09:41
Speaker
Why give in the first place? Like, why should we give? Whether you're Christian or not, I think the principle is universal. Do we want to try to convince you, Brian, to give? I'm totally kidding. No,
The Biblical Perspective on Generosity
00:09:53
Speaker
I'm just like, yeah, why should we give from a heart perspective or from a community perspective or from a God perspective? Yeah, I think it's fun to explore.
00:10:04
Speaker
I don't, I don't know. I mean, I think the culture of the world outside of following Christ is take care of number one, right? It's take care of me. It's, it's, I get mine. I cover my own back. Um, and the King, the kingdom culture is upside down. It's the first will be last, right? And the last will be first. And it's the exact opposite.
00:10:26
Speaker
Yeah, it's the most powerful being in the universe washing the very feet of the person who's going to betray him, right? And so generosity is counterintuitive to the culture of consume, consume, consume, that I think we'd all agree our kids are being raised in, right? Like it's, it's only gotten magnified more by, you know, on demand, everything, Twitter news, you know, my kids don't know what commercials are because they don't watch, they don't watch commercials.
00:10:55
Speaker
I do feel like they are getting dumbed down because when we were kids, it was just like, what's Saturday morning cartoons? That's what we're watching. Now it's like, I have, I can watch any cartoon. I don't know what to watch. It's ever been, what's happening. What is happening now? It is wild. It's wild. You used to have to wait until like December 15th to get like the Mickey Christmas special on Disney. And now you can watch it in May. It's like, what's disgusting? What is this? What is happening in the universe?
00:11:23
Speaker
So I look at generosity through a biblical lens, right? And let's just kind of start at ground zero of that. Like, book of Leviticus, you know, nobody reads Leviticus, but that's where the whole idea of a tithe was created, right? And it literally was Moses teaching on this idea that every time you have a sheep go underneath your staff, when you're counting your sheep at the end of the day, you count to 10 and the 10th sheep is dedicated to the Lord, okay?
00:11:47
Speaker
And that's where it starts. And I think the idea with the tide is to realize that actually you might think you own all the sheep, but you don't. You're a steward of it. God owns it all.
00:12:00
Speaker
Like scripture's pretty clear that every breath in our lungs, every penny we have, God owns it all, right? And so the idea of the tithe is to illustrate I'm actually not the one that's calling the shots on my life. You might be saying buy or sell on the market. You might be making a decision of should I buy this business or this piece of real estate or whatever? Should I give this money? But really and truly, we exist because God is gracious enough to let us breathe.
00:12:30
Speaker
And so the idea of the tithe is just to simply illustrate, I truly believe God is not, that I am not in control of my own universe. I think of it like this a lot of the time when I was a kid, my parents let me borrow their suburban to go to Lake Tahoe for the weekend. And so they entrusted, they entrusted this resource to me and it was my job to take good care of the car, to be a wise steward of it. And that actually meant there was some investment from me. I had to bring it back with a full tank of gas and I had to wash it. You know what I mean?
00:12:59
Speaker
And so just because they let me, just because they gave me the resource, like God gives us the resources, doesn't mean we're not supposed to care for it well, right? And that's what I think the tithe is.
00:13:11
Speaker
Stage two, beyond the 10% idea, the one out of 10 sheep, and literally tithe is the Hebrew word for 10th. The next level is kind of the offering. And offerings are above and beyond that kind of 10% minimum that I think Scripture makes pretty clear that we should be giving. And offerings have varying levels to them, but I think NCFs kind of got the corner on the market of what I would call the eye-popping,
00:13:39
Speaker
gift. It's not just like, hey, you know, I give to my church and now I'm going to support Young Life or the Pregnancy Center or the Gospel Mission or whatever. The eye-popping gifts you see in Scripture
00:13:51
Speaker
are wild. One of my favorite ones is in Acts chapter four. Barnabas sells a field and it doesn't say he brings a tithe to the apostles. It doesn't say he even brings an offering. Those two words don't exist in this passage in Acts chapter four. But what it does say Barnabas does when he sells his field is he brings all of
00:14:10
Speaker
it and lays it at the Apostle's feet. It's one of the first asset gifts in the New Testament. He literally gives not the profit from the sale of the asset, he gives all of it to the Kingdom of God. And that's just like wild, wild generosity, right? Nobody does that, except there actually is a community of people that are trying to figure out
00:14:33
Speaker
how do I give the barn away instead of build a bigger barn? And that's who NCF works with, people who want to be wildly generous and super fun. That's cool.
00:14:45
Speaker
Yeah. And I heard the, the tie that explained too is just as the 10th or percentage is like, God doesn't say that we can't make money or that we have to be poor. And the reason it is a percentage is to, you know, prevent us from, you know, succumbing to greed. So you can make more, but that means you're going to give more. Um, and I think, you know, the,
00:15:09
Speaker
the Bible verse where it's, you know, he who is basically wise or disciplined with a little, you know, will be given a lot. So we have to be, you know, we have to be diligent with the little to gain more. And so, anyways, really good.
00:15:27
Speaker
When you kind of talk about the offering or this like wild giving,
Case Study: Strategic Donations and Succession
00:15:32
Speaker
could you share some stories maybe, you know, in general of kind of maybe some of those gifts that you've seen in real life? You know, I think sometimes we read this stuff in the Bible and it's like...
00:15:42
Speaker
Oh, I don't, you know, that stuff doesn't happen or miracles don't happen, but showing that stuff is happening all the time. We just don't really hear about it. Sure. Let me, let me kind of do that in stages, right? So most people's wealth, 80% of the world's wealth is held in assets, not in cash, right? But 90% of all Christian giving is done with cash.
00:16:02
Speaker
There's a problem right there. People are giving from cash, but their wealth is actually in their assets. When you start thinking about assets that you can give, some people don't even know they can do this. Some people know if they have appreciated stock, they can give it, but they don't really realize the huge benefit of it. When you give stock that's appreciated, the embedded capital gains that you would have to pay otherwise if you were selling it goes to charity instead of to Uncle Sam.
00:16:29
Speaker
I've never heard anybody who would rather pay more taxes and give less to charity. Right. And so, so like that, that's the print, that's the principle that's at work here when you use donor advised fund. Okay. Stock is one of the easiest things to give. It takes, you know, a couple of days for the whole thing to happen. Super quick transfer.
00:16:46
Speaker
Yeah, right. Because you send the stock to NCF, NCF sells the stock the next day, that money flows in your giving fund as soon as it clears and you're giving funds, you know, that's our word for donor advised fund. And then that money can go directly to charity the next day after that. I mean, it's awesome. There's no fees. It's it's a piece of cake.
00:17:03
Speaker
But then when you start talking about property or business interests, whether it's S Corp, C Corp, whatever, if you're selling your business, you want a real life example. I've got a guy who owns 50% of a business and the percentage that he owns is worth about 30 million bucks.
00:17:23
Speaker
He is going to give 10% of that to NCF. So a $3 million charitable deduction on his taxes, okay, that he can carry forward for five years. It's S Corp. We are gonna hold it. We're gonna hold that for up to five years. NCF is gonna hold it, okay? We are non-voting silent partners. So we're not sitting in the boardroom. We're not making business decisions, right? We're literally just holding the shares of the business. If there's a distribution,
00:17:51
Speaker
That distribution at 10% goes into his giving fund, but here's where it really gets fun because it's S corp. It's a tax pass through. Okay, so we'll just use say the numbers $400,000 his company would normally give him to pay the tax bill on his wealth distribution. Okay.
00:18:10
Speaker
That's his tax bill because he's not a nonprofit. We hold it in a Florida trust where there's no income tax. And our taxable liability is about 50 to 60% of what his would be. So the excess of that 400,000, we'll just call it 200 grand, goes into his giving fund and he can grant it to charity. Super fun.
00:18:30
Speaker
It gets better though. His son is a vice president with the company and he eventually wants son to take over the company. Okay. So the company is going to buy the shares, those 10% of those shares back on a promissory note. Every time the company makes a payment to NCF for those shares, the shares are going to get reassigned with his son and that money that the company pays is going to go into his giving fund totaling $3 million over five years.
00:18:56
Speaker
His son is gonna walk away with 10% of the shares of the company. He's gonna walk away with a $3 million tax deduction, all those tax savings over the five years, plus a total of $3 million that's gonna flow into his giving fund that he's gonna fund his charitable giving with for the rest of his life, okay? He's gonna do that many times probably over the next 10, 15 years to end up passing the business to his son. His son's not gonna pay a dollar out of his pocket. The business is making the payment.
00:19:25
Speaker
But what he's doing is he's funding his charitable giving empowering his son to keep the family business okay and taking massive tax deductions at the same time.
00:19:35
Speaker
Everybody wins. And he's like, man, I can give so much more to all these ministries that I care about rather than just taking my W two or my K one income and giving after I pay uncle Sam his, you know, 30, 40%, whatever his tax bracket is. Right now, all of a sudden I can give so much more because I'm taking the gains and I'm giving those as well.
00:19:59
Speaker
It's wild. Yeah. Let's take one step back. I probably got the cart before the horse, but you know, let's say you're sitting in front of a couple. Sure. And you know, we're doing, you're kind of the, you're, Phillip and I are there, you're there, third seat.
Financial Planning and Legacy with NCF
00:20:17
Speaker
And they're saying, Hey, I want to do a financial plan.
00:20:20
Speaker
And we want to give. We've never really gave strategically, let's say they're newly married. We've never really given strategically together. Does the NCF have like a process or a questionnaire or some sort of to help a couple kind of like what is important to us? What are we going to give? How do we want to be generous?
00:20:41
Speaker
Yeah, so there's a few kind of high level questions that we'd probably start with and then you can get as tactical as you want down in the weeds. But most couples have never wrestled with the idea of a financial finish line.
00:20:56
Speaker
especially business owners, right? It's, it's always just keep climbing the mountain that you never really reached the top. And when you do, it's that liquidation event. So we love having helping people actually wrestle with what is a financial finish line to take care of us in retirement and our, you know, our kids, grandkids, whatever, some people
00:21:13
Speaker
Like they reach that line much earlier than they think when they actually set a goal rather than say, oh, a little bit more won't help, won't hurt, right? Well, then they end up working and working and working and they're consuming and consuming and they're scaling their life up at the same time. We like, like to ask the financial finish line question and then there's kind of four areas that we, we want people to wrestle through.
00:21:37
Speaker
when it comes to their charitable giving, right? The first area is kind of their general legacy, right? How do they craft an enduring story? What are their grandkids gonna say about them, right? My grandfather, he insured the Oakland Raiders back in the day, kind of a self-made millionaire. And I remember late in life, he would pull the entire family together, he lived in Arizona, he'd fly us to Arizona. And it wasn't a vacation,
00:22:06
Speaker
Only it was hey, I want you as my grandkids to come see this habitat for humanity house that we're building that we've fully funded Right like he's passing on a legacy to us of generosity. So the first area is legacy, right? What's the story gonna be and how do you want people to know you as the second area? We help people wrestle through is family so many people
00:22:28
Speaker
and the boomer generation and older are losing sleep at night right now because of their kids and their grandkids, and are they walking with the Lord, or are they not? What's their faith and values look like? We think generosity can be a catalyst for unifying family values and passing on values to our kids and grandkids, which, you know, if you have a Christian mindset, man, your first ministry is your family.
00:22:57
Speaker
You know, more than you love your neighbors yourself and there ain't no neighbor closer to you than the one living in your house, right? And so we help people wrestle through those questions of how do I bring my family together? Maybe it's, Hey, you know, we're gonna do a week in two weeks in Mexico and the first five days we're going to build a house in Ensenada for a family that doesn't have one. And then we're going to go to the beach rather than just taking your family on vacation, right? Or Hey, what would it look like for us to all go to Africa?
00:23:24
Speaker
next year and see the orphanage in Rwanda. And yeah, we'll get a hunting trip in or we'll do the safari, but it'll be fun. It'll be great. But I also want you to see some things that are near and dear to our hearts. So we help people wrestle through those types of questions. The third area is passions. What are you passionate about? My parents for years, they were for 10 years served on junior high volunteer staff at our church growing up.
00:23:52
Speaker
My parents spent spring break every year in Mexico and the first week of summer they spent at summer camp. Every year. My dad only had three or four weeks of vacation. He spent half of them doing ministry. They were passionate about junior high ministry. And so, you know, in their will and trust, they want to leave a bunch of money to the junior high ministry. Now, later in life, they care deeply about marriage ministry.
00:24:14
Speaker
And so they want to leave a bunch of money to the marriage ministry when they die and they want to fund it right now while they're alive. Maybe for you, it's adoption or it's the pregnancy center or it's the gospel mission or it's your church or it's a ministry at your church. We just help you wrestle with kind of strategic questions and journaling exercises around what are you actually passionate about? It's really fun to have those conversations with your spouse.
00:24:40
Speaker
The fourth area is the wealth and resources. It's really trying to figure out how do we maximize your giving. This is where some of the tax smart strategies that NCF has at its disposal, a lot of financial people don't realize that there's a lot of really tax beneficial ways to maximize giving. A lot of that is by dealing with capital gains.
00:25:04
Speaker
you know, bunching, bunching is a really great thing for people who, you know, maybe they're giving 20 grand a year to charity, right?
00:25:11
Speaker
but they have the cash on hand, why don't they give 40 or 50 grand to their donor advice fund one year, take a $50,000 deduction on that charitable gift and then take the standard deduction next year. Right. Exactly. Like people don't know those tools exist. And so we get to really sit in that third chair, you know, with you guys and that client saying, well, here's some charitable strategies that might help you maximize what you can give away and
00:25:36
Speaker
And people love to figure out that they actually could pay less taxes and give more to charity. I mean, seeing those light bulbs goes on is so fun for us.
00:25:46
Speaker
Right, so how do you work with people individually?
NCF's Partnerships with Financial Advisors
00:25:49
Speaker
Do advisors reach out to you or individuals or probably both, right? Yeah, 100% both. And for the last, I would say the first 75% of NCF's life, it was completely referral based from clients. So in the last maybe decade plus, we've gotten more strategic about partnering with financial advisors. We actually do webinars for financial advisors where they can get their continuing ed credit stuff.
00:26:15
Speaker
of taking care of. So we want to serve the financial community in general. Also realizing that if you're a Schwab financial advisor, you're not necessarily going to advise your client to not use the Schwab donor advice fund. You're going to advise them to use that donor advice fund. But the reality is
00:26:34
Speaker
Even Schwab, as big as they are, they cannot do the complex asset gifts that NCF can do. They just don't have the team behind them. Like I said, they have 14, 15 employees. We have an army in our back office of some of the brightest gift advisors in the world. And so our ability to handle your complex business interests, your encumbered real estate, things like that,
00:26:59
Speaker
We are pretty, this is our niche. This is our wheelhouse. And so we're a really trusted third party with a lot of financial advisors and their clients. And it's become a fun relationship to have. Very cool. Yeah.
00:27:17
Speaker
I don't know that I have really anything else. What have we missed? What have we missed? We've gotten it around. We hit the target, I feel like. Well, we'll see. Dan, what do you think? I love it. People are afraid of change.
00:27:31
Speaker
If there's anything I've learned by being in the finance space is you figure out what works and then anytime you get challenged to change something in your financial rhythm, there's a lot of, I think, fear and insecurity. It's hard to know that you're making wise choices and NCF is unique in that we don't
00:27:50
Speaker
You're like, we'll jump on a zoom call or a phone call. Or, you know, if you're close by a person to person meeting, there's no fees. There's no, it's not like trying to sit down with your CPA and they're charging you an hourly rate. Yeah. The bottle of water is going on your bill.
00:28:06
Speaker
And that's because we're a ministry, right? My boss from day one said, you are not a financial expert, Dan, you are a stewardship pastor. And so pastors don't get paid by the hour to sit with people who are hurting, right? To solve their marriage problem or whatever. And that's the same thing with finances. We become financially excellent tactical tax help, but we're pastoring people towards developing a heart of generosity. And so,
00:28:36
Speaker
You know, a wise person I knew once said whenever there's change, there's trauma. And that's the fear that people have about maybe changing their giving strategy, their financial strategy around generosity. And what I would say is NCF makes it really, really easy. Opening a giving fund takes two or three minutes.
00:28:53
Speaker
There's no fee to have a fund open with a zero balance. So like open a fund, get comfortable with it, put $1,000 in it and give the $1,000 away and go, oh, that actually was streamlined and simple and easy and I have a phone number and an email address of somebody I can call or email anytime I have a question.
00:29:10
Speaker
And all of a sudden, the comfort level can raise. And that's what we want to do because, man, these ministries, I worked in the church world for a long time. You know how many staff meetings, guys? I sat around and somebody had a great idea on how to reach people for Jesus. And somebody had to say, we ain't just got no money in the budget for that right now. Well, I reject that thesis. I think God owns it all. He owns the thousand hills with a thousand cattle on each one, right? And so it's a matter of helping people realize that they can be more generous than they thought.
00:29:40
Speaker
And being generous right now, I think it's that like, oh, when I retire, I'll give more generously. Or when I sell my company, I'll give more generously. And it's like, honestly, you probably won't. Like you're in a pattern and it's going to be harder and harder to get out of the pattern that you're in. And so it's really thinking strategically. Do you guys have any like resources, webinar, podcasts, ebook to kind of help facilitate with some of the things you just laid
Resources and Support from NCF
00:30:08
Speaker
out?
00:30:08
Speaker
Totally. We have an entire generosity library under the resources tab on our website. There's videos, there's recordings, there's sermons, all kinds of stuff there that people can listen to. And then, like I said, we have boots on the ground all over the place. And so if you just want to ask a question and there are no dumb questions, really, the only dumb question is the one that's left unasked.
00:30:31
Speaker
you can call the number there on our website and a local a local person will be in touch with you like ASAP. That's the service that the concierge care that we want to give to people who are clients or prospects for us and just walk a journey with them. Yeah, it's super fun. So
00:30:47
Speaker
So Dan, how do people hear more about NCF and get in contact with you if they needed to? I don't know. Just cause you're a cool guy. I don't know. Yeah. Yeah. Uh, like the, the website's a great place to go. NCF California is kind of its own, uh, you know, beast. I mean, under the about tab, there's a direct link to our website. And so we kind of have our, our website built into the NCF website. My, my email address is simple. It's just D Novara. That's D N a V a R R a at NCF giving.com.
00:31:17
Speaker
And I'm happy to route people to the right person if they send me an email and hey, I'm interested. You know, I'm in Raleigh, North Carolina or whatever, like awesome. Great. I'd love to make an introduction, a warm handoff to a real human being without having to, you know, dial one for this department, all that kind of stuff. Right.
00:31:36
Speaker
Let's be human about it, you know what I mean? So I'm happy to do any of that or they can browse our website. It's massive. There's all kinds of freebies and downloads. And if you're a financial person listening to this, you know, it's great to be in cahoots with us. We would love to partner with you to serve your clients and be the experts in the room on generosity and best practices. Awesome. Awesome. Well, thank you for your expertise. I think I do want to land the plane this way. At the end of the day, it is not your suburban
00:32:05
Speaker
You just have to understand that. It's not your suburban. So when you're driving it, you might as well wash it, vacuum it before you give it back and fill it up with tank, with gas. I love that analogy. I think that really bodes well for just thinking about your own finances, your own talents and resources. It's just not ours to give or it's not ours to hoard. It's ours to give.
00:32:24
Speaker
because we've been ultimately given the best gift ever, right? And so it's an outpouring. So thank you so much for your time, Dan. You've been listening to the Uncomma Wealth podcast. I've been your host, Phillip Ramsey. And I'm Brian Dewhurst. Until next time, go be uncommon. Thanks, everybody. Bye-bye.
00:32:40
Speaker
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