Donor Advised Fund
Harness the Giving Power of a Private Foundation
A donor advised fund (DAF), which is like a charitable savings account, gives you the flexibility to recommend how much and how often money is granted to Cathedral High School and other qualified charities. You can recommend a grant or recurring grants now to make an immediate impact or use your fund as a tool for future charitable gifts.
Take Action! Visit Your Fund
1. Recommend a grant
2. Impact Cathedral High School
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You can also create a lasting legacy by naming Cathedral High School the beneficiary of the entire account or a percentage of the fund. With a percentage, you can create a family legacy of giving by naming your loved ones as your successor to continue recommending grants to charitable organizations. Contact your fund administrator for a beneficiary form.
Still learning about DAFs? Discover the ease of opening a donor advised fund—plus the advantages you’ll enjoy—with your FREE guide One Stop Giving: The Convenience and Simplicity of Donor Advised Funds.
An Example of How It Works
Joe and Laura want to give back to their hometown by putting their money where it will do the most good. They establish a $25,000 donor advised fund with a community foundation.
The couple receives a federal income tax charitable deduction for the amount of the gift. They also get all the time they need to decide which charities to support.
After researching community needs with the foundation’s staff, Joe and Laura recommend grants for Cathedral High School (which they’ve supported for years) and a local animal shelter. The foundation presents the charities with checks from the Patricia Fund, which Joe and Laura named in honor of Laura's mother. They name Cathedral High School as the beneficiary to receive the account balance after their lifetimes. Joe and Laura are delighted to start this personal legacy of giving.
Not Sure How to Begin Planning?Download My FREE Personal Estate Planning Kit
- If you already have a fund, use our tool Take Action! Visit Your Fund to connect. No fund yet? Get our free guide.
- Contact Abbe Ernstes at (317) 968-7348 or email@example.com to discuss using your donor advised funds to support Cathedral High School and our mission.
- Seek the advice of your financial or legal advisor.
- If you include Cathedral High School in your plans, please use our legal name and federal tax ID.
Legal name: Cathedral Trustees, Inc.
Address: 5225 East 56th Street, Indianapolis, IN 46226
Federal tax ID number: 35-6254955
Get More From Your DAF
Ensure you’ve made the most of your donor advised fund—for your family and for Cathedral High School. Download the FREE guide Maximize the Impact of Donor Advised Funds.View My Guide