Types of Funds

endowment_fundEndowment Fund

An Endowment Fund provides a source of annual income to a Catholic organization of your choice. This fund is designed to function in perpetuity, making it possible for you to ensure long-term financial support to your chosen cause. Once established, anyone can make additional contributions to the fund in any dollar amount.

Key Benefits

  • Endowment Funds allow you to designate to any Catholic organization, or leave unrestricted to serve the greatest need
  • The Catholic Foundation manages the fund and distributes income to the selected organization
  • Open with cash, marketable securities or other assets
  • Ability to fund at death with an estate gift or designation in a will
  • Invested in accordance with the United States Conference of Catholic Bishops guidelines for Socially Responsible Investments
  • Avoid capital gains taxes on long-term, highly appreciated assets
  • Reduction in income taxes

donor_advised_fundDonor Advised Fund

Giving becomes convenient and personal with a Donor Advised Fund, which offers a hands-on approach to philanthropy. This fund invests your charitable gift to grow tax-free for future giving. A Donor Advised Fund allows you the opportunity to make contributions to multiple Catholic or public organizations from one account. The Catholic Foundation Donor Advised Funds can be set up with as little as $5,000. Due to this funds personalized approach it is one of our most popular funds.

Key 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
  • 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

scholarshipScholarship

Scholarships support promising and deserving students by assisting them with the costs of their education. Donors often establish a scholarship to honor or memorialize friends, teachers, family members or other loved ones.

Key Benefits

  • Donor may set criteria for awarding the scholarship
  • Donor may choose to provide the scholarship for students in elementary, junior high, high school or even college
  • The Catholic Foundation manages the fund and distributes the award directly to the school on behalf of the recipient(s)
  • Once established, anyone can contribute to a scholarship fund

charitable_trustCharitable Gift Annuity

A Charitable Gift Annuity is a contract with The Catholic Foundation that provides you with fixed income payments for life, no matter how long you live. Payment rates are based on age and are set by the American Council of Gift Annuities. At the end of your life, the remainder of the annuity becomes an endowment fund to benefit the specific organization you designate. You also have the ability to choose a Deferred Charitable Gift Annuity, meaning that you start receiving income payments at a later date.

Key Benefits

  • Fixed income for life for you, or for you and a spouse (paid monthly, quarterly or annually)
  • Avoid capital gains taxes on highly appreciated assets
  • Income tax deduction in the year the annuity is established
  • Part of each income payment is tax-free

Additional Benefits for Deferred Charitable Gift Annuity

  • Allows charitable gift to grow tax-free, prior to receiving income payments
  • Typically receive a higher payment rate than a standard Charitable Gift Annuity

charitable_giftCharitable Trust

A Charitable Remainder Trust (CRT) allows you to donate cash, marketable securities or other assets to The Catholic Foundation, and in return you receive regularly scheduled payments for life or for a pre-determined number of years. At the end of the term, the organization that you designate receives the remaining assets. Conversely, a Charitable Lead Trust (CLT) provides fixed income payments to your selected charitable organization for a specified number of years. At the end of the term, the balance is transferred back to you or your heirs.

Key Benefits Charitable Remainder Trust

  • Allows fixed income payments for life or a terms of years for you, or for you and a spouse
  • Reduce estate and gift taxes
  • Receive an immediate tax deduction based on the present value of the charity’s future interest

Consider a Charitable Remainder Trust if you:

  • Wish to leave a faith legacy, but need to retain a reliable source of income
  • Want to reduce estate and gift taxes

Key Benefits Charitable Lead Trust

  • Allows you to make an ongoing gift to charity, while retaining a future interest in the asset
  • Ability to pass assets on to heirs at a substantially discounted value
  • Receive a current-year tax deduction for the present value of the amount the charity will receive

Consider a Charitable Lead Trust if you:

  • Feel called to fill an immediate charitable need, but wish to retain assets for the future
  • Want to leave a legacy for your family, but they don’t need the income right away

sign up for our e-mails

Receive updates on the latest news, events and happenings at The Catholic Foundation.

  • First Name
  • Last Name
  • Email Address
© 2019 The Catholic Foundation • 257 East Broad Street, Columbus OH 43215 • Phone: 614.443.8893 • Toll free:1.866.298.8893