Benefits to Individuals
Contributors receive greater tax benefits with a community foundation than with a private foundation.
National Catholic Community Foundation serves individuals and organizations wishing to engage in philanthropic activities that support the ministries of the Catholic Church.
The co-founders of NCCF are aware that many wish to contribute to the betterment of the world in ways not considered traditionally Catholic and may request that funds be distributed to non-Catholic organizations. The Board of Trustees respect and honor these intentions. However, they will not fund activities inconsistent with the Gospel as affirmed by the Catholic Church as set forth in the Second Vatican Council.
National Catholic Community Foundation can be of help to individuals who:
- Want assurances of accountability
- Want to involve family in philanthropy
- Want the ability to fund beyond judicatory or other canonical boundaries, either nationally or internationally
- Do not want to create a private foundation
- Want to establish a fund for a specific purpose to which others may contribute
- Want to participate in determining the direction of their gift
- Want to make anonymous donations.
- Want to establish charitable funds in memory of someone
Contributors receive greater tax benefits with a community foundation than with a private foundation. Gifts of cash are deductible up to 50% of the donor’s adjusted gross income versus 30% for a private foundation. Gifts of no-cash assets are limited to 30% of the donor’s adjusted gross income as opposed to 20% with a private foundation. Gifts of appreciated securities are deductible at full market value (subject to the 30% limitation) when made to a community foundation.
In contrast to private foundations, NCCF is not subject to excise tax, minimum annual distribution requirements, or excess holding restrictions.
With a donor advise fund at NCCF donors may achieve ongoing familiar involvement in philanthropic activity. NCCF can also help identify within a given community or elsewhere. It also provides regular reports regarding the distribution of donors’ funds.