Donor Advised Funds

What is a Donor Advised Fund?

With a Donor Advised Fund (DAF), a donor creates a centralized, efficient, and accessible repository to manage charitable giving. Gifts of cash, securities, or other appreciated assets may be gifted into a designated DAF. The donor then recommends grants from the fund at any time. Grants can be made to any 501 (c) (3) organization provided their mission does not conflict with Catholic teachings.

Download our Donor Advised Fund Agreement below:

Download

Donor Benefits:

  • Immediate tax deduction with the option of deferred charitable distribution
  • Consolidates your charitable giving, providing administrative convenience
  • Flexibility to choose multiple grant recipients
  • Ability to add to the fund at any time at any amount
  • Make donations anonymously, if desired
  • Wish to create a family legacy of faith – name your children, grandchildren or other loved ones as successor advisors to the fund

To set up a Donor Advised Fund

Choose the name of the fund, the fund advisor or advisors (who make distribution suggestions), successor advisors to the fund (if desired), and a charitable beneficiary or beneficiaries who would receive money in the fund upon the fund’s closing.

Also, the fund founder has the option to choose The Catholic Foundation’s conservative, moderate or growth investment pool.

An individual may continue to donate to the donor advised fund after the initial donation to establish the fund. And, anyone can donate to the donor advised fund after it is established.

The minimum distribution amount is $50. There is no minimum amount that must be retained in the fund.

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