How much of the money in a fund can be given away in grants to charities?
Because the Catholic Foundation can personalize every fund established – as long as compliance with all relevant IRS and state and local regulations is achieved – you will have the opportunity to determine your fund’s spending policy. You may choose to spend, or distribute, a percentage of your fund’s earnings, or a percentage of your fund’s value each year; or you may choose a policy that simply allows all of your philanthropic funds to “pass through” the Foundation en route to other charities, in which case, you could spend down the entire sum. Our donor professionals will be happy to discuss the options that will best serve your individual situation vis-à-vis your philanthropic vision, your income or tax status in any given year, and other relevant factors.
