Donor Advised Funds

How does a donor advised fund work?

A donor advised fund with the Catholic Foundation of Maine helps you easily give funds to the causes that matter to you most.

• Start your fund at the Catholic Foundation of Maine with a straightforward written agreement which outlines the gift, purpose, payout, beneficiaries and management. Donor advised funds can have flexible payout timings and amounts, beneficiaries, addendums and stipulations.
• Contribute assets an individual, group, or corporation—or transfer assets from another foundation, trust, investment account(s) or donor-advised fund.
• Designate charitable gift distributions to causes and entities in keeping with Catholic values, here in Maine or other places, such as education, scholarship, assistance to special groups, schools, convents, seminaries, other charities or charitable entities, or other things of that nature that are in keeping with Catholic values.
• Enjoy peace of mind that your account will be professionally managed by the Foundation’s morally responsible investment policies, in Catholic-screened investments.
• Receive special tax advantages and an immediate charitable tax deduction for your contributions.
• Experience the joy and confidence of giving as you wish, while the Catholic Foundation of Maine handles the paperwork and management and keeps you informed.

What are the benefits?

• Endowment funds through the Catholic Foundation of Maine are managed professionally and morally in Catholic-screened investments.
• Donor advised funds receive statements on a designed or annual schedule.
• You determine which causes and charities you wish the available distribution from your donor advised fund to benefit, annually or on another schedule.
• Confidence that the Catholic Foundation of Maine will steward your donor advised fund, its intent and purposes as designated, in perpetuity.
• Giving may be recorded as named, in memory of, or remain anonymous.
• You can involve your organization, committee, group or attorney in the process of choosing which causes and charities will benefit from distributions and select successor advisors.
• A donor advised fund may offer even more flexibility and tax advantages, depending on your tax situation.

For more information, please contact the Foundation in confidence.

(207) 321-7820

Elizabeth Badger, Executive Director