Our Catholic identity is very important to us. It is what makes us unique in the marketplace. We are proud to help Catholics pass along the faith to future generations through endowment funds and planned gifts.
Here are a few more reasons for conducting your philanthropy with the Catholic Community Foundation:
- Flexibility to create a fund tailored to your charitable interests
- No out-of-pocket expenses to establish* or maintain your fund
- Sound financial management
- Protection and fulfillment of donor intent
- Access to CCF’s professional staff for guidance on charitable giving
- Savings on administrative, investment management, and grant activity costs since funds are combined into larger pools.
- Fewer restrictions and less paperwork than with private foundations
- Tax benefits:
- Your cash contributions are fully deductible up to 50% of adjusted gross income (vs. 30% with private foundations)
- The deduction for cash contributions that exceed 50% of your adjusted gross income in a gifting year may be spread over five additional years to get the full deduction.
- No excise tax imposed (vs. 2% of net investment income for private foundations)
- Gifts of appreciated securities and/or property are deductible up to 30% of adjusted gross income (vs. applicable deduction of 20% for gifts of appreciated property to a private foundation)
- No capital gains taxes on gifts of appreciated securities and/or property
- Freedom to choose anonymity to avoid pressure of solicitation by other groups or to receive public recognition for your generosity from the Foundation
- Satisfaction of knowing your charitable interests will be supported for generations to come
* For gifts of real estate or other tangible property, an appraisal
and/or environmental audit may be required and are paid by the donor.
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