Our Guidelines for Charitable Funds describes how to open a charitable fund with the Catholic Community Foundation of Los Angeles. In this document, you will:
- Learn about the different types of funds we make available to our customers
- Discover our commitment to you to manage your fund investments and your charitable distributions
- Find out more about charitable giving options, and
- Recognize that our Foundation is dedicated to the highest levels of service to meet the charitable objectives of each of our customers
Download the Catholic Community Foundation of Los Angeles Guidelines for Charitable Funds.
Establishing and Funding a Charitable Fund
A fund at our Foundation is created with an agreement between the founding donor and us to establish the fund.
We are not a private foundation; therefore, all gifts to us may entitle donors to maximum tax deductibility.
All gifts to any funds in our Foundation are subject to completion of our due diligence procedures and compliance with our Gift Acceptance Policy.
A donor may name our Foundation as the beneficiary of a bequest or other planned-giving instrument.
Types of Funds
Donor-advised funds are now one of the fastest-growing areas of charitable gifting and are subject to the requirements of the Internal Revenue Code.
These are funds provided by nonprofit organizations to be invested for the benefit of the nonprofit organization.
Grants from these funds are made not more than semiannually to charitable organizations that are aligned with the mission of the Archdiocese of Los Angeles.
These are donated funds that specify one or more nonprofit organizations to be supported by the fund.
Donors may create scholarship funds to support student education at qualified educational institutions.
Spending Policy on Funds
These are funds that often create “endowments,” or funds that are available over a long period of time because only a portion of their value each year is awarded in grants.
These are funds that provide for the distribution of income and/or principal of the fund, allowing for spending of the entire value in the form of charitable disbursements.
We have Balanced Pool Funds, designed for the longer-term investor, Intermediate Funds, and Short Term Investment Funds, designed to preserve capital and provide for high liquidity.
The Investment Committee of the Foundation advises and closely monitors the performance of the managers within our Balanced Pool and compares them with benchmarks identified for each asset class or investment goal.
Each type of fund’s investment returns and expenses are represented by a percentage of its participation in the Balanced Pool, Intermediate, or Short Term Investment Fund.
Every month, our donors receive a statement of their fund’s financial activity, including investment returns, contributions, grants, and expenses.
If funds are declared inactive, funds will be closed and the proceeds transferred to our Foundation’s community fund, which is a general fund benefiting the greatest needs.
Subject to the agreement terms and our Foundation’s policies, a fund’s adviser may recommend that the entire balance of a fund be disbursed and the fund closed.
Browse the different funds to which you can donate.