Luverne Area Community Foundation
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The Search for a tax vehicle to assist with blessed opportunity
Presenting the Dinger Family DAF

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Give charitably now = improve tax burden this year = donate to charities when needs arise
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Don and Lisa Dinger have always been generous people of their time, talents and financial gifts. Hard work allowed Don the opportunity to take an early retirement in 2020 which came with a financial finish that he knew may be a tax burden come April.

The Dingers have been active friends of the Luverne Area Community Foundation so a suggestion of a tax saving vehicle was presented to them called a Donor Advised Fund (DAF). This fund allows a donor to gift a sum of money to the foundation to be used for charitable giving in the future, in return lowering their tax burden with the added source of income for the fiscal year in which it was given. Don consulted his financial planner and a charitable gift amount was set to help offset the tax burden in the months to come. The gift to LACF now sits as a charitable savings account (DAF) for future advisement.

If you asked Don and Lisa how to get started with a Donor Advised Fund (DAF) at the Luverne Area Community Foundation they would tell you it is really easy. “Emily draws up the paperwork and goes through the legality of how it works. You make your first financial commitment of $5000 (minimum to start) and LACF takes care of the rest. We advise when and who we want to send gifts to from the fund. LACF has an online fund advisor portal that we access and tell them where we want to send gifts anywhere in the world” (charities must be recognized as a 501c3). 
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The Donor Advised Fund option at LACF has given Don and Lisa the opportunity to create a family legacy fund that starts with them and continues through their children. The family DAF is a growth fund so the money contributed will earn interest that they will also give to their favorite charities. It is the intention of the Dingers to add money to the fund for continued tax savings each year but more importantly for the opportunity to give back to their community and teach their children and grandchildren about helping others. 


– Bob and Leah Crabtree

Contact Us

TELEPHONE NUMBER
507-220-2424
​
ADDRESS
P,O. Box 623
102 E. Main St.
Luverne, MN 56156
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@lacf-623

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QUICK LINKS

  • Make a Donation​
  • Luverne PEO Scholarship
  • ​Donor Portal Access link
  • ​Download Annual Report 2021
  • Download Annual Report 2020
  • ​Download Annual Report 2019
  • Download Annual Report 2018
  • Download Annual Report 2017
  • Download Annual Report 2016
  • Download Annual Report 2015
  • Home
  • About
    • LACF History
    • News and Events
    • Contact Information
    • Board of Directors
  • Scholarship
    • PEO Scholarship
    • Hawes Scholarship
  • Become a Donor
    • Max Your Community
    • LHS 2184 Campaign
    • Carson’s Cause
    • $20 monthly gift
    • Benefits to the Donor
    • Donor Stories >
      • Harold and Mary Tilstra Story
      • Green/Sprecher Family Fund
      • Gene and Barb Ashby
      • Katie Hemme’s Story
      • LaRock Family Story
      • Eric Crabtree Memorial Story
      • Dinger Family DAF
    • Special Gifts
    • Donor List
    • Make a Donation
  • Grants
    • Apply Now
    • Grant Distribution Formula
    • Who Can Apply?
    • Application Information
    • Grant Review Process
    • Past Grant Earners
  • Partners
    • Generations
    • BackPack Program
    • Ben Franklin Lodge Masonic Temple
    • Big Buddies of Rock County
    • Blue Mound Area Theater
    • Child Guide
    • Childs Remembrance Garden
    • Coffee Contemporary Arts
    • Hinkly House Museum
    • Luv1LuvAll
    • Luverne Basketball Association
    • Luverne Community Education
    • Luverne Education/Legacy Fund (LELF)
    • Luverne Rotary Club
    • Luverne Volleyball Association
    • Maplewood Cemetery, Luverne
    • Rock County Ag Society
    • Rock County Food Shelf
    • Rock County Historical Society
    • Rock County Opportunities
    • Rock County Veterans Fund
    • Rock Ranch, Hills
    • Sanford Healing Gardens
    • Sanford Health Luverne
    • Sanford Hospice Luverne
    • Southwest Crisis Center
  • Awards
    • Outstanding Corportation/Business
    • Spirit of Philanthropy
    • Nonprofit Spotlight
  • Resources
    • Fund Advisor Portal
    • Frequently Used Forms
    • For Advisors >
      • CRT Zoom with Jayna Voss
      • Your Client and Philanthropic Planning
      • Frequently Asked Questions
      • Donor Advised Funds
  • Community Funds