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One of the most attractive ways for donors to give is through donor advised funds. A donor advised fund may have tax advantages, and donors can designate successors to ensure that the benefits of the fund are inter-generational and perpetual. The founder/donor and creator of the fund (or the donor's successor) is the sole person who determines what causes should receive support and in what amounts. Donor advised funds ensure that both the funds and the intent of the donor's philanthropy are preserved and secure.
The Catholic Foundation Donor Advised Funds are personalized, specific and follow the intentions of the founders and successors. . Due to this fund’s 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
All funds at the Catholic Foundation of Maine are invested in accordance with the social teachings of the Catholic Church, according to the Socially Responsible Investment Guidelines established by the US Conference of Catholic Bishops. Grants are made only to those organizations that do not operate in opposition to the Church teaching. Catholics with Donor-Advised Funds at the Roman Catholic Foundation can feel secure knowing that their charitable funds are aligned with their faith.