Our Funds

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

Downloadable Content

Download the Catholic Community Foundation of Los Angeles Guidelines for Charitable Funds.

 

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Establishing and Funding a Charitable Fund

Creating a Fund

A fund at our Foundation is created with an agreement between the founding donor and us to establish the fund.

Adding to a Fund

The founding donor and others may make contributions at any time.

Charitable Deduction

We are not a private foundation; therefore, all gifts to us may entitle donors to maximum tax deductibility.

Gift Acceptance

All gifts to any funds in our Foundation are subject to completion of our due diligence procedures and compliance with our Gift Acceptance Policy.

Planned Gifts and Legacy Society

A donor may name our Foundation as the beneficiary of a bequest or other planned-giving instrument.

Types of Funds

Donor-Advised 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.

Agency Funds

These are funds provided by nonprofit organizations to be invested for the benefit of the nonprofit organization.

Community Funds

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.

Restricted Endowment Funds

These are donated funds that specify one or more nonprofit organizations to be supported by the fund.

Scholarship Funds

Donors may create scholarship funds to support student education at qualified educational institutions.

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Spending Policy on Funds

Permanent 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.

Nonpermanent Funds

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.

Fund Investments

Types of Investment Funds

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.

Investment Oversight

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.

Allocating Investment Returns

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.

Fund Administration

Financial Reporting

Every month, our donors receive a statement of their fund’s financial activity, including investment returns, contributions, grants, and expenses.

Fund Inactivity

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.

Fund Closing

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.

Active Funds

Browse the different funds to which you can donate.