Open A Fund

Thank you for your interest in working with The Catholic Foundation. Our Development team is experienced, knowledgeable, and focused on helping you maximize your charitable goals. We share a passion to help your generosity do the most good for our Catholic community. Please contact a member of our team to guide you through the process of creating your customized giving plan.

Scott Hartman
VP of Development
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Craig Heppner, CAP ®
Development Officer
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David Clark
Development Officer
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RECOMMENDED MINIMUM AMOUNT TO OPEN FUNDS

  • Donor Advised Fund: $5,000
  • Endowment: $10,000
  • Scholarship: $10,000
  • Charitable Gift Annuity: $10,000 first annuity/$5,000 subsequent
  • Trust: $100,000

FREQUENTLY ASKED QUESTIONS

Must the beneficiary of my fund be Catholic?
No, but the beneficiary cannot conduct business contrary to Catholic teaching.

Must the beneficiary be in the Columbus Diocese?
No.

Can my financial advisor continue to invest the fund?
If you are donating $50,000 and over into the fund, there are circumstances under the Advisor Choice program where your financial advisor can continue to invest the fund.

Does The Catholic Foundation invest funds in accordance with Catholic teaching?
Yes.

TO SET UP AN ENDOWMENT

Choose the name of the fund (can be named after self, family members, as well as organization or organizations benefiting from the fund), the charitable beneficiary or beneficiaries of the fund, and a contingent charitable beneficiary in the event money cannot go to the primary beneficiary or beneficiaries (such as because the primary beneficiary or beneficiaries cease to exist).

Other information about endowments:

Once a year, a percentage of the endowment is given to the donor’s chosen beneficiary or beneficiaries.

An individual may continue to donate to the endowment after the initial donation to establish the endowment. And, anyone can donate to the endowment after it is established.

TO SET UP A DONOR ADVISED FUND

Choose the name of the fund, the fund advisor or advisors (who make distribution suggestions), successor advisors to the fund (if desired), and a charitable beneficiary or beneficiaries who would receive money in the fund upon the fund’s closing.

Also, the fund founder has the option to choose The Catholic Foundation’s conservative, moderate or growth investment pool.

An individual may continue to donate to the donor advised fund after the initial donation to establish the fund. And, anyone can donate to the donor advised fund after it is established.

The minimum distribution amount is $50. There is no minimum amount that must be retained in the fund.

TO SET UP A SCHOLARSHIP

Choose the name of the scholarship, the criteria for the scholarship award, and the amount of the scholarship award. Also, scholarship founder has option to determine if a committee will recommend the scholarship recipient, or whether the scholarship recipient will be chosen by an academic institution.

An individual may continue to donate to the scholarship after the initial donation to establish the fund. And, anyone can donate to the scholarship after it is established.

TO SET UP A CHARITABLE GIFT ANNUITY

Choose the individual or individuals who will receive the lifetime income from the annuity as well as the charitable beneficiary upon the death of the annuitant or annuitants.

An individual cannot add money to an annuity, but an individual can set up multiple/subsequent annuities.

TO SET UP A TRUST

Option One (Charitable Remainder Trust):

Choose the individual or individuals who will receive income from the trust for a period of years or for lifetime. Also, choose the charitable beneficiary upon the termination of the trust.

Option Two (Charitable Lead Trust):

Choose a charitable beneficiary who will receive income from the trust for a period of time, and then the individual or individuals who will receive money in the trust after that period ends.

Under either option, determine whether the trust payments are fixed or variable. A trust with fixed payments is an annuitized trust, and an individual cannot add money to the trust. An individual can add money to a trust with variable payments.

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