Donor Advised Fund Giving
A donor advised fund (DAF) works like a charitable checking account. When you make a gift into your fund, you receive an immediate tax deduction. Then, you decide at your own pace where you would like to give. While you are deciding, your fund is invested and grows tax-free. With a donor advised fund at the Catholic Community Foundation of Minnesota, you can have peace of mind knowing your gifts are invested in alignment with your Catholic faith. A donor advised fund at CCF may benefit you in a number of ways:
It is an efficient, consolidated system for managing charitable giving.
All gifts to your donor advised fund are tax-deductible.
A donor advised fund can help facilitate tax-efficient giving strategies like “bunching”.
When you make gifts of appreciated assets, you can avoid paying taxes on the capital gains.
Simplified tax preparation. At the end of the year, you receive a gift summary – no more chasing down receipts.
You have the ability to name your fund — or give anonymously — without having to establish a Private Family Foundation.
Our Lady of Grace Federal Tax ID Number: 41-0705765