Let us help you multiply your generosity to provide maximum impact to the Catholic causes for which you care. Establishing a fund with CFAD is easy, and we work with you at every step.
1. What is important to you that aligns with our mission? What can we do together to meet your wishes?
2. Look at your fund options below to get a sense of what you'd like.
3. Contact us to discuss your plans. We will meet and provide you with additional information to help you in your decision.
4. Select a name, purpose description for your fund and initial donation amount. We will then customize a fund agreement for you. Depending on the type of fund, we will work with you for any additional information needed.
5. Contribute to the fund as outlined in the agreement.
6. Initial and future contributions to the fund are tax deductible to the extent the law allows, and we will provide you with proper documentation.
Creating a new fund is simple, and there are options for everyone. Your fund can be activated today, or you can plan for a future fund -- set up fund agreement with CFAD today and fund it with a deferred or legacy gift through your will. To create a new fund, contact us today. As we work together, the more we're able to help our Catholic community in northeast Iowa carry out the Works of Mercy.
An endowment is a fund set aside for the long-term benefit of an organization. The initial and additional funds contributed to the endowment are invested in professionally managed, Catholic responsible investments and the earnings are distributed for charitable purposes. An endowment fund is permanent and will generate income for the designated beneficiary forever. It gives your charitable giving eternal life on earth. As we work together, the more we're able to help our Catholic community in northeast Iowa carry out the Works of Mercy.
Established in order to support a particular Catholic organization
Makes regular distributions to the designated organization to be used to further its unique mission
Provides a steady source of income now and until the second coming of Jesus, which helps with budget planning and financial stability
Example: The Seton Catholic School Tuition Scholarship Fund
Minimum founding donation: $10,000
Established in order to support multiple Catholic organizations that serve a common cause
Makes distributions to eligible Catholic organizations who qualify for grants based on the terms of the fund and/or CFAD's grant program
Beneficiary organizations can be named in the fund agreement or can fluctuate based on the donor's wishes established in the fund
Example: The Jones Family Catholic Social Services Fund
Minimum founding donation: $50,000
Acts as a "Charitable Investment Account"
Donor receives the full, eligible tax deduction for the donation in the year it's given
Donor decides when and to whom to advise grants
Can help encourage giving in families
Can be anonymous in giving, if so desired
"Bunching" strategy to optimize charitable deductions
Example: The Doe Family Donor-Advised Fund
Minimum founding donation: $25,000
Already have a DAF but would like to align it with your Catholic values?
Want to compare your current DAF investment and administrative fees or learn how those fees are used?
Contact us and ask us about the easy process with CFAD to start or transfer your DAF!
10-Year Agency Trust |
Temporary (Two Year) Trust |
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Example: St. Cecilia Church - Ames Minor Maintenance Trust |
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Fees
Like any for profit or nonprofit fund manager, CFAD assesses fees on the fund (not out-of-pocket). Since we are a nonprofit, our fees are extremely competitive. CFAD assesses an annual 0.6% administrative fee on all funds, which is assessed quarterly (0.15% on the quarter-end market balance). This fee furthers the foundation's mission and the impact that we have on our Catholic community in the 30 northeast counties of Iowa. This fee includes investment oversight, grant review and distribution, fund reporting, accounting, education and more. Investment management fees are assessed separately and vary depending on current holdings. All investment reporting is net of these underlying investment manager fees, which average around 0.6%.