Donor Advised Funds (DAF) with Catholic Community Foundation
‘We cannot all do great things, but we can do small things with great love.’
— St. Mother Teresa of Calcutta
Help the parish or ministry you care about with a gift from a Donor Advised Fund
The establishment and utilization of a Donor Advised Fund can make for a great opportunity to make a gift either now or in the future. A Donor Advised Fund provides a solution to fulfill one’s giving goals. Consider the advantages when compared to a traditional investment portfolio or family foundation.
Generally, a donor-advised fund is a separately identified fund or account that is maintained and operated by a section 501c3 organization, which is called a sponsoring organization. Each account is composed of contributions made by individual donors. Once the donor makes the contribution, the organization has legal control over it. However, the donor, or the donor’s representative, retains advisory privileges with respect to the distribution of funds and the investment of assets in the account.
Catholic Community Foundation (CCF)
One such 501c3 is the Catholic Community Foundation (CCF). Serving as a resource for parishes, organizations, and individuals who wish to invest in the local Catholic Community, CCF provides different account options to meet customer needs, professional management and oversight, ethical investment policies aligned with the USCCB Guidelines for investment, and opportunities to create a legacy based on the individual’s or organization’s needs.
Whether interested in establishing/migrating a Donor Advised Fund (DAF), opening a scholarship fund, or another investment or planned gift opportunity, having an account through CCF can help to maximize the impact of a planned gift for the benefit of our Catholic community. How could opening a CCF account and making contributions look?
- Example: Mr. Peters would like to make a pledge to his parish’s capital campaign for 5 years. He would like to make annual payments to closeout his pledge, but he would like to front all the funds through the donation of invested stocks all at once. By donating the invested stocks for the benefit of the Catholic Community Foundation, and then coordinating with them to open a new DAF, Mr. Peters can have a newly created and funded account. At this point, Mr. Peters can coordinate with CCF to meet the annual obligations of his parish’s capital campaign pledge.
If you’d like to donate an invested asset to pay for an ongoing or recurring pledge, opening a Donor Advised Fund (DAF) with Catholic Community Foundation (CCF) could be for you. Please click the link above to see if the option might be right for you.