An Alternative to Establishing
a Costly Private Foundation
With Donor-Advised Funds, you can avoid the time and expense it takes to recruit a Board of Trustees and other necessary legal actions in setting up a private foundation.

CASE STUDY:
One donor wished his request remain anonymous. Unlike a private foundation, a donor-advised fund eliminates the bureaucracy and offers complete privacy. With a donor-advised fund, a donor is not subject to the release/publication of who established his/her fund; how much the donor contributes; and a listing of every grant made by the donor.

Two Donor-Advised Fund Success Stories

Focus on Your Goal:
"When I set up a scholarship in honor of my late husband, CCF handled all the administrative and legal concerns. I just raised funds, so he would always be remembered."
-Margaret Ryan, widow of Battalion Chief Matthew Ryan, killed on September 11, 2001
See clip  ( QuickTime format  |  Windows Media format )

"Our battalion tried to set up a charity in honor of those who fell on 9/11. It was almost impossible—we had to hire lawyers and accountants; we didn't think we could do it... The Catholic Communal Fund simplified the administrative duties and the giving, designating and distributing the funds to educational institutions for scholarships to benefit the children of members of the 48th Battalion."
-Frank Conquista, Ret. Commander, 48th Battalion, NYC Fire Department
See clip  ( QuickTime format  |  Windows Media format )


How to Open an Account

For further information or to discuss if a donor-advised fund is right for you, call The Catholic Communal Fund at 212.588.0624, or by email.

The Catholic Communal Fund is not engaged in rendering legal, financial, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional person should be sought.
Copyright © 2006 Catholic Communal Fund of the Archdiocese of New York, Inc.
1011 First Avenue, New York, NY 10022
Inquiries: email  |  phone. 212.588.0624  |  fax. 212.753.5980
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