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DONOR ADVISED FUNDS

Overview

Giving becomes convenient and personal with a donor advised fund (DAF), which offers a hands-on approach to your philanthropy. This fund invests your charitable gift to grow tax-free for future giving to your favorite Catholic organizations, causes, and ministries.

Once your initial fund is set up, contributions to your fund can be made at any time, in any amount; and, similarly, grant recommendations from your fund can be made at any time, in any amount of at least $250.

 

How Does it Work?

1. Give
You set up a fund through the Catholic Foundation which creates an immediate tax benefit for you.

2. Grow
Your money in the fund grows tax-free through socially-responsible investments.

3. Grant
From this fund, you still still give your monthly, quarterly, and annual gifts. Through a simple process, you direct your giving from your fund to the Catholic charity of your choice, and the Foundation manages the paperwork for you.

4. Transform
We’ll even work with you to consolidate your giving so it has a bigger impact.

Donor Advised Fund Benefits

Donor Advised Funds provide an intentional, tax-efficient, and convenient way to amplify your giving. Donor advised funds are one of our most popular funds because they are flexible and manageable from one simple account.

“We can continue to support those individual causes which are important to us, but in a more streamlined way and with a better plan in place. And, more importantly, it will continue to be carried forward beyond our lifetime.”

– Patrick Mullally|DAF Fundholder

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Leave Your Legacy Through Your Donor Advised Fund

You can choose successor advisors to continue your fund’s administration beyond your lifetime, make one-time legacy grants to charities of your choice, establish an endowment, or donate the fund residuary to the Catholic Foundation upon your passing.

Give When You Can. Grant When You Want.

Receive a tax deduction in the year you give to your DAF even if you grant the money out in a later year.

Should I Consider a Donor Advised Fund Instead of a Private Foundation?

We know you have choices to achieve your family’s charitable goals. Are you wondering if a donor advised fund is right for your charitable giving needs? See a comparison between a donor advised fund and starting a private foundation.

READY TO OPEN YOUR DAF?

Donor Advised Funds FAQs

About Donor Advised Funds

What is the difference between a donor advised fund and an endowment?

An endowment fund provides a source of annual income to a Catholic organization or cause of your choice. The endowment is designed to function in perpetuity, making it possible for you to ensure long-term financial support to your chosen cause. A donor advised fund offers a hands-on approach to philanthropy.  The fund invests your charitable gift to grow tax-free for future giving. With a donor advised fund, you advise which organizations you would like to be grant recipients.

What happens to the DAF when I die?

You can choose successor advisors to continue the fund’s administration beyond your lifetime, make one-time legacy grants to charities of your choice, create an endowment (or several) upon your passing, or leave the residuary to the Catholic Foundation.

Granting from your DAF

Can I request grants payable over more than one year?

Yes. The Foundation can honor a request that the distribution be made in increments in the amounts and at the times you specify.

Can my children participate as advisors to the fund(s) I have established?

Yes. When you establish your fund, you will name the advisors – usually your self and your spouse, and if you choose, your adult children. Many donors find their donor advised funds to be helpful tools for teaching philanthropy to their children. You can also stipulate that your children serve as advisors to the fund after your death, so as to retain your family’s participation for an ad