ADVANTAGES OF A PERSONAL FAMILY FUND
- Avoid Capital Gains Tax
Your contribution of appreciated securities (including mutual funds) or other property, held for at least one year, are deductible at their full fair market value. You pay no capital gains tax on the appreciation, and the full amount of the appreciated value is available to be added to your fund.
- Investment Options
The Catholic Foundation offers a variety of investment options for its Personal Family Funds.
- Low Initial Contribution
The Catholic Foundation requires just a $10,000 initial contribution to establish a Personal Family Fund. Other donor advised funds require $25,000 or more to start a fund.
- No Minimum Subsequent Contributions
You may make additional contributions to your fund whenever you want, in whatever amount you want. The Catholic Foundation does not require that your fund maintain a minimum balance. Third parties can make contributions to your fund at any time and in any amount.
- Easy Distribution Procedures.
There is a low minimum distribution recommendation amount ($100). See the Personal Family Fund Policies regarding annual cash distributions.
- Involve Future Generations
You may designate Successor Advisors to assume the role of Fund Advisor at the time of your death. Your fund will remain as a separate fund within the Catholic Foundation and will continue to bear the original name of the fund.
