DONOR ADVISED FUNDS

A Donor Advised Fund (DAF) is a fund that an individual or family can create to allow for long term, hands-on, philanthropic giving. Contributions to a DAF are charitable in nature, they can be done as often as you wish. You and your family, if you wish, can then “advise” how the funds are used during your lifetime and lifetime of others, as you determine.

This cost effective approach, combined with the access to excellent investment advisory services, are compelling reasons to create a DAF with the CFSWIA. They are as easy as 1, 2, 3!

DAFs are a great alternative to creating a family, private foundation. It not only enables a donor to achieve estate planning objectives without the administration, legal, and tax costs of creating a private foundation, but it is actually creates a more “private” way of administering your philanthropy.

1

GIVE

When setting up a DAF, a donor is setting up an efficient, centralized, and online-accessible route to managing charitable giving. A minimum of $5,000 in cash, securities, real estate, shares of a closely-held business, or other appreciated assets can open a DAF.

2

GROW

While invested in a portfolio you choose, the investment will continually grow. Many donors actively use a DAF during their lifetime while building resources, which grow
tax-free, to create a permanent “legacy” endowment after they pass away, ensuring that your philanthropic values will continue to live beyond your lifetime.

3

GRANT

The donor then recommends grants from the fund at any time. Grants can be made to any 501(c)(3) nonprofit, provided their mission does not conflict with Catholic teachings and values. It is even possible to make anonymous gifts to charities.

“Long-term, we knew we wanted a certain amount of our estate to be left for Catholic causes. However, we created the Donor Advised Fund in lieu of a private foundation,” Dennis said. “With a Donor Advised Fund, we avoid legal fees and financial reporting, and we don’t have to worry about the investment of the funds."

- Dennis Purdum, Board Member
Read more here.

BENEFITS

Catholic Foundation of Southwest Iowa

A DAF can easily be established with a simple agreement.

Catholic Foundation of Southwest Iowa offers quarterly consulting upon donor request. Our assistance offers a donor’s passion to be linked with needs found in the parishes, schools, and other not for profit organizations within the diocese, as long as that not for profit mission falls in line with Catholic values..

An online portal allows for hassle-free contributions and grant recommendations at the donor’s convenience and simplifies record keeping.

Investing
Long-Term
Tax

To set up a Donor Advised Fund, contact Brooke Pulliam.