Donor Advised Fund
At the Catholic Foundation of Southwest Iowa, a Donor Advised Fund (DAF) offers donors flexibility and efficiency in their philanthropy both today and well into the future.
How it Works
- Give – With a DAF, a donor creates a centralized, efficient, and online-accessible repository to manage charitable giving. A minimum of $5,000 in cash, securities, real estate, shares of a closely-held business, or other appreciated assets opens a DAF.
- Grow – While in the bank, the investment will continually grow.
- 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.
During the lifetime of the donor(s), a DAF offers a centralized way for parents to involve children in philanthropic decision making. Donors can invite children to participate in discussions about grant recommendations from the fund, and even consider allowing each child to recommend a certain amount of giving on an annual basis. In this way, future generations share the joy of being philanthropic, as well as witness first-hand the parent’s commitment to helping those in need.
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. This endowment then ensures that your values will continue to live beyond your lifetime. A Donor Advised Fund can be the first step in establishing a family tradition of philanthropy that can be carried on from one generation to the next.
Current Catholic Foundation Donor Advised Funds
- Coleman & Emily McAllister Donor Advised Fund
- Connor & Pam Flynn Endowment Donor Advised Fund
- Purdum Family Donor Advised Fund
- Anonymous Family Donor Advised Fund
To set up a Donor Advised Fund, contact Brooke Pulliam.