INDIVIDUAL DONORS

What is a Donor-Advised Fund?

A donor-advised fund (DAF) is an IRS-approved philanthropic vehicle established as a public charity. It allows you to make a charitable contribution, receive an immediate tax benefit, and then recommend grants from the fund over time. You’ll be able to choose from a list of vetted charities that align with your Catholic values or even recommend your own charity that we’ll research for you. You’ll know you’ve donated to a worthy cause and the recipient of your gift will benefit from a donation that has increased over time in a DAF.

Assets in a donor-advised fund grow tax free. For the donor there are no distribution requirements, excise taxes, or reporting requirements. Essentially, your intended charity receives a greater financial gift, while you still receive the desirable tax benefits associated with charitable giving.

By starting an account with CCFGiving, you’ll take the first important step towards maximizing your giving. Simply designate the charities to whom you want to give and we’ll take it from there. We’ll ensure your money is invested wisely in companies that are compatible with your Catholic values. As your investment grows, you’ll have the opportunity to make donations throughout the year.

Contribute to a donor-advised fund through CCFGiving to discover, choose, and impact fruitful charities and organizations.

Benefits

CCFGiving enables every level of giver to give to organizations that uphold their values.

Here’s just a few benefits of contributing to charities through a donor-advised fund.

  • When managing the investments made with assets of the fund, we only partner with companies and opportunities that adhere to the social responsibility guidelines set forth by the United States Council of Catholic Bishops.
  • By including your family, you will model generous giving to your children, building a culture of generosity that will last for generations.
  • You’ll make a mark on your designated charities that will last well beyond your own lifetime.
  • A DAF actually grows your charitable gifts like an investment and your ability to manage giving online will make donating more consistent.
  • You will receive a tax benefit commensurate with your investment. In addition, all of your activity is stored on your account, so you won’t have to deal with paper receipts when preparing your tax filing.

Account Levels

Donor-advised funds are effective vehicles to increase your giving, regardless of your contribution amounts.

CCFGiving offers three different account levels:

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GENESIS

  • $0 minimum balance;
  • Must contribute $5,000 within 36 months;
  • Maximum of 15 grants per year;
  • Grants must be a minimum of $25;
  • Online tech support only;
  • Yearly fee of $120.
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COVENANT

  • $5,000 minimum balance;
  • Unlimited grants per year;
  • Grants must be a minimum of  $25;
  • Full support from CCFGiving;
  • Yearly fee of $250 or 60 basis points (whichever is greater).
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KINGDOM

With a minimum balance of $1,000,000, you get all of the benefits in Covenant level, plus:

  • Access to philanthropic advisors;
  • A wider selection of investment options through Knights of Columbus Asset Advisor; and/or
  • Outside investment managers of your choice (with approval of the board);
  • Yearly fee of $250 or 60 basis points (whichever is greater).