ESTABLISHING A DONOR ADVISED FUND:
CREATING A LEGACY OF FAITH, FAMILY AND FUTURE
What will be your real legacy?
At all stages in your life, the Catholic Community Foundation can help you find a meaningful way to benefit others through your faithfulness and generosity – while also helping you to undertake responsible financial planning for your family and estate.
Legacy giving is more possible than you think. Contrary to popular belief, legacy giving is not only for those with wealth — as there are many ways to give and leave a legacy.
One way is to establish a Donor Advised Fund
A Donor Advised Fund (DAF) is an investment fund that an individual or family can create to allow for long-term, hands-on, philanthropic giving. You recommend how the funds are used during your lifetime and beyond, as you determine. A Catholic Community Fund DAF always follows the Catholic Church’s Socially Responsible Investment guidelines.
This cost-effective approach, combined with access to excellent investment advisory services, are compelling reasons to create a DAF with the Catholic Community Foundation. Contributions to a DAF are always tax-free. They can be done as often as you wish.
DAFs are a great alternative to creating a private family foundation. It enables a donor to achieve estate planning objectives without the administration, legal, and tax costs of creating a private foundation and creates a more “private” way of administering your philanthropy.
With a DAF, a donor is setting up an efficient, centralized route to charitable giving. A minimum of $25,000 in cash, securities, or other assets can open a DAF.
While investing in a portfolio you choose, the investment will continually grow. Many donors actively use a DAF during their lifetime while building resources, which grow tax-free to create a personal “legacy”, ensuring your philanthropic values will continue to live beyond your lifetime.
The donor then recommends grants from the fund at any time. Grants can be made to any 501(c)(3) nonprofit provided their mission does not conflict with Catholic teachings and values. It is even possible to make anonymous gifts to charities.
A Donor Advised Fund is an excellent way to define and establish a Legacy of Giving. Donors establishing a fund automatically become members of the foundation’s Good Shepherd Legacy Society. New members are installed by the archbishop annually.
Remember that The Catholic Community Foundation accepts gifts of cash, life insurance policies or proceeds, stocks or mutual funds, bequests, assignments of mineral/royalty interests, and distributions from retirement plan assets. All gifts may be tax-deductible to the extent of the law and your personal tax situation.
We offer Catholic donors great flexibility in how to structure their support of the Catholic Church or for the particular institution, parish or ministry of their choice.
Establishing a Donor Advised Fund can create your legacy of faith, family, and future.
Invest with Purpose
When you entrust your funds to the Catholic Community Foundation, they grow through socially responsible investments managed by financial experts – and are reinvested by you for the good of the Catholic community.
Catholic Socially Responsible Investing
Our ministry is a simple one: Through encounter and dialogue, we form a covenantal relationship with our members to be the best stewards possible of their financial resources. We are committed to Socially Responsible Investing in accordance with the tenets of our faith, the highest level of accountability, transparency, and performance while balancing preservation with innovation.
The Foundation will not provide a grant to an organization whose mission is inconsistent with Catholic teaching.
All Catholic Community Foundation investments are aligned with the U.S. Conference of Catholic Bishops Guidelines on Socially Responsible Investing.
In 2022, through generous donations to CCF’s managed Endowment funds, along with their excellent investment returns, nearly $3 Million in grants were distributed to Catholic parishes and organizations of the Archdiocese of San Antonio.
For more information, please contact Alison Cochrane, CEO/President, Catholic Community Foundation at 210-732-2157 or at [email protected].