Donor advised fund contributions… you can direct them here!

By Lindsi Bachman, director of development

ne of our goals is to make giving cash donations to Catholic Charities as easy and convenient as possible for those who graciously choose to partner with us in this way. One popular method of giving that reaps tax benefits for the investor is the donor advised fund. We are thankful to have several donors directing their donor advised fund contributions to Catholic Charities, and thought it pertinent to share a few facts about this vehicle for giving.

For those with established donor advised funds, we pray you will consider Catholic Charities as a recipient of your contributions.

I would be happy to answer any questions you may have about directing your donor advised fund contributions to Catholic Charities. You may reach me at 316-264-8344, ext. 1222.

How a Donor Advised Fund works

Individuals and/or couples put money into an investment fund with a sponsoring organization such as, Fidelity Charitable, Charles Schwab or a community foundation. The fund grows over time allowing donors to direct the accrual amount to a charity of their choosing, such as Catholic Charities. Donors receive tax benefits upon their initial investment.

Cash or other assets

Recieve tax deduction

DONORS

Facts to consider:

• The standard minimum deduction increased in 2018, making it more beneficial to give a large sum of money all at once.

• You can set up a recurring gift schedule for your donor advised fund contributions with Catholic Charities as the beneficiary.

• Some employers will match your donor advised fund contributions to not-for-profit organizations, such as Catholic Charities.

• Two thirds of 2021 investments to donor advised funds at Fidelity Charitable and Charles Schwab were non-cash gifts. These financial institutions make it easy and convenient to use stock and crypto currency as an initial investment to a donor advised fund. Contact your financial advisor for more information.

TRACI KENNEDY

Executive Director

LINDSI BACHMAN

Director of Development

MARY BETH CHAMBERS

Marketing and Communications Director

CatholicCharitiesWichita.org

BOARD OF DIRECTORS

Christopher J. Goebel, Chair Star Lumber & Supply Co., Inc.

Andy Buessing, Vice Chair Hutton

Rev. Daryl Befort Diocese of Wichita, St. Joseph Parish, Andale

Monte Cook Commerce Bank

Justin Dugan Pinion

Deborah Gladney WorkTorch

Julian Guerra Aerospace Consultant/Advisor

Stephen Hayes 5Point Ventures, LLC

Brian Kaiser Flint Hills Resources

Most Rev. Carl A. Kemme, D.D. Bishop of Wichita Rev. David Lies Diocese of Wichita, Vicar General & Moderator of the Curia

Chuck Marshall Community Volunteer

Kevin Mitchelson Wheeler & Mitchelson, Chartered Marcos Montemayor AM Law, LLC

Stephanie Murphy 6 Meridian Stacie Myers Wichita Business Journal

Megan McCurdy Niedens McCurdy Real Estate & Auction

Joy Scott Ascension Via Christi Hospitals

The agency underwent its final name change, from Catholic Social Service, Inc., to Catholic Charities, Inc.

The agency’s first official volunteer program was created by an AmeriCorps VISTA volunteer named Wendy Glick.

Buddy Shannon Tree Top Nursery

Carol Streckfus Cohlmia Marketing Sr. Marsha Wilson, ASC Adorers of the Blood of Christ