Annual Report

Generous donors have the opportunity to establish a charitable savings account in numerous ways. Donors establish a fund at CFA that they name and they direct. CFA’s impermanent Donor Advised Funds are easy to establish and can be done with any amount. Contributions to the fund are tax deductible. Donors use these funds to make grants to nonprofits, churches and schools, and CFA manages all of the paperwork for you. Establishing gifts and fund balances are never public, not even to the CFA Board of Directors, and the funds can benefit from the appreciation of its invested dollars.

At any time, or as part of a succession plan, donors transition to other permanent named funds. Such permanent named funds include Scholarship Funds; Designated Funds allocated for particular churches, schools or nonprofits; or Fields of Interest Funds that benefit particular causes or a particular parish. This is a powerful tool to build one’s legacy and memorialize or honor parents, grandparents and others. “I want my life’s work to benefit others,” said one generous donor.