CREATE A LEGACY
OF GENEROSITY
"Even small gifts, when offered in faith, can feed multitudes. What “five loaves and two fish” can you offer today?" (Matthew 14:13–21)
DONOR ADVISED FUNDS
An appropriate tool for when you want to perpetuate your charitable giving, with the flexibility to recommend amounts, timing & the recipients of those gifts, and enjoy the associated tax benefits while growing your philanthropic assets with the Market.
In this giving option, you recommend to the LFF Administrator, the Parish, School or Charity which are to benefit from the distribution of your fund. LFF offers a variety of advantages:
PERPETUATE YOUR CHARITABLE GIVING
RECOMMEND RECIPIENTS
ENJOY TAX BENEFITS
SCHEDULE DISTRIBUTIONS
ASSIGN REPLACEMENT ADVISOR
SUPPORT WHAT MATTERS
LFF supports religious, educational and charitable entities and their mission.
PARISH ENDOWMENT
Building & Groups Upkeep & Repairs
Staff Training & Resources
Parish Events
Transportation Programs
Emergency Funds
Liturgical Needs
Art & Environment
SCHOOL ENDOWMENT
Scholarships
Books & Supplies
Library Resources
STEM Upgrades
Food Programs
Teacher & Staff Training & Resources
School Events
Transportation Programs
Emergency Funds
Building & Groups Upkeep & Repairs
MINISTRY ENDOWMENT
Sacramental Programs
Faith Formation
Mission Trips
Volunteer Recruitment & Training
Children's Ministry
Music Ministry
Youth & Young Adult Ministry
Food Pantries
HOW IT WORKS
You donate cash, stock or bond to LFF in a single year. The accumulate value may be enough to itemize your taxes. Thereafter you advise distributions to Parish(es), School or Charitable organization that comply with our Catholic Values.
Donor gives cash, stocks, or other assets
DONOR ADVISED
FUND
GRANTS
Donor Advises
how to distribute funds
Favorite
Causes
Religious
Institutions
Human
Services
Schools
Donor
Receives Tax Deduction
WHY A DONOR ADVISED FUND WITH LEGACY OF FAITH?
Our core values are the same as yours, supporting the Catholic mission while funding your parish(es), schools and charitable entities.
The minimal annual fee furthers the LFF’s Catholic mission and the services we offer to the Catholic community.
As an active grant maker to the local community, we are well equipped to advise you about effective ministries, programs, and organizations that would benefit from your support. Donor Advised Funds with the Foundation can grant to any qualified 501(c)3 that aligns with Catholic social teachings.
DETAILS TO CONSIDER
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The minimum contribution to establish a DAF is $5,000.
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The account must be active within 36 months. Active is defined as a contribution into the account, or contributions out of the account to qualified organizations.
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Once the contribution is made, the donor understands that the gift is irrevocable.
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All grant distribution recommendations are subject to review and must be to organizations with IRS qualified 501(c)(3) status and fall within guidelines as provided by the United States Conference of Catholic Bishops (USCCB).
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In addition, must comply with the DAF rules to give to an entity not a person; the Advisor does not receive any value back for their distribution and the contribution cannot come from a retirement fund (i.e.401k) to fulfill a Required Minimum Distribution (RMD).
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The donor understands that the Foundation must follow all IRS tax regulations as pertaining to DAFs and that these rules and details are subject to change as a result of updates to the tax law.
ADVANTAGES OF A DONOR ADVISED FUND
GIVE
to charities across the United States (Catholic and non-Catholic organizations)
BUNCH
donations strategically for tax savings
(to take 5+ years of philanthropy in 1 year)
GROW
your money grows tax-free
SIMPLIFY
your giving from one place – that means one gift receipt for your records!
HEAR FROM OUR COMMUNITY
I’m grateful to have been able to contribute to the Legacy of Faith Endowment Fund. It’s a meaningful way to support the future of our church, ensuring it can continue to serve the community and nurture faith for generations to come. I’m honored to be part of such a wonderful mission.
- Legacy of Faith Donor