· The Archdiocese’s Catholic Community Foundation (CCF) is a sponsoring charity which administers Donor-Advised Funds (DAFs) for archdiocesan parishes, schools and ministries.
· DAFs act like a tax-friendly “charitable investment account.” They are easy to create, have no start-up fee, and provide a hands-on vehicle for you to make an impact on your favorite Catholic ministry(ies).
· As the donor advisor, you can advise distributions to be gifted from your CCF fund to varying Catholic ministries at any time, in any amount.
· Like an endowment, a DAF grows within CCF’s ‘pool’ of funds (525+ funds valued at $240 million+) which utilizes the power of investing and provides greater collective growth for all funds. The value of a gifted asset to a DAF (such as cash, stocks, bonds, mutual funds, and other property) continues to grow tax-free in this “pool” until used - i.e. more funds for your charitable giving.
· CCF also follows the US Catholic Bishops’ ethical investment guidelines which promote socially-responsible investing aligned with Catholic teaching.
· A DAF can be especially useful when your finances might benefit from a significant charitable tax deduction in a given year while you wish to distribute the amount of the gift over several years (aka “charitable bunching.” increasingly popular with the higher standard deduction).
For more information about establishing a DAF with the Catholic Community Foundation (CCF), please contact ccf@archindy.org or 317-236-1482.