Creating a donor advised fund

Sr. Goedken

By Sr. Laura Goedken, OP
As the end of the year approaches, many people evaluate their giving and look at tax consequences. Some of you will need to withdraw from your IRA, and a charitable donation might meet your needs. Others will want to make an outright gift to your favorite charities.
For some, setting up a Donor Advised Fund might be a good idea. A Donor Advised Fund is a gift opportunity that allows the donor to make a donation now, and advise at a later date which diocesan Catholic organizations will receive donations. The Cath­olic Foundation for the Diocese of Davenport is now well established and in a position to accept such funds.
You might have sold property or received a bonus or have extra income that increases your tax base. In setting up a Donor Advised Fund with the Foundation, you receive a tax deduction in the calendar year you set up the fund. At a later date, you could make distribution to your parish, a Catholic school or other Catholic organization. You could pay your pledge to the Annual Diocesan Appeal from your Donor Advised Fund. In case of larger Donor Advised Funds, distributions could be made for several years.
Appreciated securities can be used to fund a Donor Advised Fund as well as cash gifts. The IRS does not permit using an IRA rollover to fund a Donor Advised Fund. These funds are flexible and easy to establish.
For more information, contact diocesan Director of Development Sister Laura Goedken, OP, at (563) 888-4252 or

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