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  • Philanthropic Funds

    Philanthropic Funds have the intention to distribute all of the fund's assets to charitable beneficiaries in a short time, typically to satisfy annual giving commitments of a donor.

    This type of fund offers convenience, simplified tax reporting and the ability to support numerous Catholic philanthropic opportunities* throughout the year. For example, if an individual is using appreciated stock as a gift, the donor need only gift the stock to one entity (the Foundation), and distributions can be made to multiple organizations in the donor's name such as a parish, Catholic school, Catholic Charities, Christ the King Seminary, etc.

    * As listed in the official Catholic Directory of the Diocese of Buffalo.