Support the Church in Northeast Ohio and make a difference with your gift. 
Enrich lives in Northeast Ohio through spiritual, educational, and charitable support. 
We help foster faith-based stewardship in the community for the spiritual, educational and charitable needs of all. There are many reasons to consider establishing a donor advised fund (DAF) with the Catholic Community Foundation. Perhaps you want to simplify your annual giving. Maybe you are facing a significant taxable event, or you want to "bunch" your donations to be able to itemize deductions periodically. Or, like many of our donors, you like having a low cost option for Catholic philanthropy. A donor advised fund is like a charitable savings account giving you the flexibility to recommend how much and how often money is granted to Catholic Charities, your parish, diocesan or other qualified charities.
How It Works:
- Can be created with a current gift of $5,000 for individuals/spouses.
- Convenient access to Donor Advised Fund Portal to open a new donor advised fund, keep track of your DAF, easily make grant distributions, and make additional contributions.
- Recommend grants to the Catholic causes or other charities you care about.
Tax Advantages:
- Immediate tax deduction: Claim an immediate income tax charitable deduction for your contribution to your DAF in the year you donate, even if you haven't yet decided which charities to support.
- Bundling of deductions: DAFs allow donors to make large charitable contributions in years when you itemize your deductions and then distribute your contributions over years when you do not itemize.
- Tax-free growth: Assets donated to your DAF can be invested and grow tax-free, allowing you to stretch your charitable dollars further.
- Donate appreciated assets: Your DAF can be funded with gifts of appreciated assets like stocks allowing you to avoid capital gains taxes while still receiving a tax deduction for the full fair market value.
Other Benefits:
- Attractive fee structure.
- You can consolidate multiple charitable contributions into one DAF contribution, simplifying record-keeping and tax filing.
- Ability to make grant recommendations anonymously from your DAF.
- Investments made in accordance with Church social teaching.
- Easily transfer an existing DAF to the Catholic Community Foundation through the Donor Advised Fund Portal.
- Name successor advisors so your family can continue the legacy of philanthropy, or distribute fully to a charitable beneficiary such as your parish or another ministry of the Church.
Your gift of cash or stock to create a donor advised fund makes you eligible for an income tax deduction in the year you make the gift. You then have the privilege to recommend grant awards to your parish, diocesan or other charitable organizations. Donor advised funds are increasingly popular with individuals who want to engage their children in charitable giving decisions now and continue that involvement after the donor’s death. Others appreciate the tax, administrative and cost benefits compared to a private foundation. Donor advised funds established with the Catholic Community Foundation are invested in accordance with teachings of the Catholic Church.
To establish a donor advised fund, please contact:
Moira Wopershall | 216-696-6525 x8070
We encourage you to contact your professional legal and/or financial advisors to determine which gift arrangement meets your needs.