Fund Options
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If you have ever considered leaving a legacy that will perpetuate the Catholic mission and causes supported by Catholic organizations, creating a new fund or donating to an established fund may be right for you. Learn about existing funds here.
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. To create a new fund, contact us at CFAD@OurCFAD.org or (563) 552-0176.
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Endowment Fund Options
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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 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.
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Organization Fund
A fund established in order to support a particular Catholic organization. An organization fund distributes income directly to the designated organization to be used to further its own unique mission.
Example: The St. Patrick Church - Cedar Rapids Fund
Minimum founding donation: $10,000
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Field of Interest Fund
A fund established in order to support multiple Catholic organizations that serve a common cause. A field of interest fund distributes income to eligible Catholic organizations who qualify for grants based on the terms of the Catholic Foundation’s grant program.
Example: The John & Jane Smith Catholic Education Fund
Minimum founding donation: $50,000
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Donor-Advised Funds (DAFs)
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A fund established by a founding donor in order to support multiple Catholic Organizations. A DAF distributes its income to eligible Catholic organizations based on the terms of the Catholic Foundation's grant program and the advice of the donor advisers.
Example: The Doe Family Donor-Advised Fund
Minimum founding donation: $25,000
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