...supporting the spiritual, educational and social needs of the Catholic community.

You give to your parish, to charitable organizations and causes every year. It’s an important part of who you are. But there’s a more convenient way to give and get a sizable charitable tax deduction: a Donor Advised Fund with the Catholic Community Foundation.

A Donor Advised Fund allows you to perpetuate your charitable giving, recommend the organizations to benefit from your donations, and enjoy all the tax benefits associated with your gift.

What is a Donor Advised Fund?

It is a charitable giving vehicle administered by the Catholic Community Foundation, created for the purpose of managing charitable donations on behalf of an individual or family. A Donor Advised Fund serves to organize and manage your philanthropy, and increase the impact of your giving.

Why Consider Starting a Donor Advised Fund?

• Tax benefits to offset gains from asset sales, receipt of large  bonuses or other windfalls, or as part of estate tax planning.
• The desire to pass on philanthropic values to children.
• The appeal of an efficient, consolidated system for managing charitable giving. Funds can be managed online, and provide an annual summary of gifts for tax purposes.
• The opportunity to create a permanent endowment, ensuring that your values will continue to live beyond your lifetime.

Which Assets Can Be Used to Start a Fund?

Funds may be established with an initial gift of $10,000, and can be added to at any time. Cash, securities, real estate, shares of a closely-held business, or other appreciated assets all are accepted.

Which Charities Can I Support Through My Fund?

Any legitimate nonprofit, secular or religious, may receive grants, providing their mission does not conflict with Catholic Church teachings and values.

Benefits of Donor Advised Funds

• Consolidates your charitable giving, providing administrative convenience and tax advantages.
• Charitable dollars are invested to grow tax-free for future gifting.
• Investments are managed to be in compliance with guidelines set by the U.S. Council of Catholic Bishops, and support the values of the Catholic Church.
• Online fund access allows you to manage your fund and make grant recommendations at your convenience.
• Receive a full charitable deduction for your gift without having to make immediate donations to charities.
• Make anonymous grants
• Support secular or religious nonprofits.
• Create a permanent legacy so that, upon death, your charitable fund is endowed to provide perpetual support to your charities.

To read about two families for whom we manage Donor Advised Funds, click here.

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For additional information, download the .pdf (link) below: