Advisor Resources
We invite professional advisors to avail of the Foundation’s tools and resources when working with your clients on their philanthropic intentions.
GiftLaw Services
We offer complete tax services for CPAs, attorneys, CLUs, CFPs, ChFCs, and trust officers. The GiftLaw services are made available to all advisors as a free service.
Gift Calculator
We are available to assist in helping you provide clients with clear and understandable gift illustrations.
The Good Advisor
The Catholic Foundation vs. a Private Foundation
Many of your clients will assume they need a private foundation to achieve their philanthropic goals. Over the years, we have found that most donors who establish funds with The Catholic Foundation enjoy virtually the same benefits that would accrue to a private foundation, but without the onerous reporting and spending requirements.
Through an agreement with The Catholic Foundation (TCF), your fund will be set up and named based on your preference. The fund will be managed and administered by TCF, but you will be able to choose fund advisors and advise the Foundation about preferences regarding grant recipients and gift amounts. Distributions will be made in the fund’s name, and you will receive annual financial statements. Since the fund is considered part of The Catholic Foundation’s holdings, it will receive all related tax exempt benefits.
Through a unique collaboration with The Catholic Foundation (TCF), you can form a supporting organization. Structured as a separate corporation or trust, a support organization has its own nonprofit board, bylaws, articles of incorporation and financial statements. If it is a trust, it also has its own trustees. However, by sharing management and administration with TCF, a support organization is particularly cost effective. Most importantly, it is for tax purposes a public charity, entitling its donors to the most generous tax deduction available.
A private foundation allows extensive donor control over distributions and board selection. However, private foundations are highly controlled by the government with many special restrictions, including administrative and reporting burdens, excise taxes, and a required minimum payout. In recent years, significant limitations on charitable deductions available for gifts to private foundations have minimized the appeal of this tool.