Helping Individual Donors
Contributors receive greater tax benefits with a community foundation than with a private foundation.
Become a philanthropist without a private foundation. As a donor, you advise which charitable organizations should receive distributions from your fund.
Moreover, you may transfer this privilege to your heirs. The community foundation approach enables donors wishing to give as little as $10,000 to have benefits of a private foundation without incurring the expense of establishing and maintaining one.
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, even nationally or internationally
- do not wish to create a private foundation
- desire to establish a fund for a specific purpose, to which others may contribute
- want to participate in determining the direction of their gift
- wish to make anonymous donations
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 non-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 holdings restrictions.
With a donor-advised fund at NCCF, donors may achieve ongoing familial involvement in philanthropic activity. NCCF can also help identify worthy causes either within the community or elsewhere. NCCF also provides ongoing reports regarding the distribution of donors’ funds.