The Catholic Foundation of the Diocese of St. Augustine Launches Donor-Advised Fund Powered by Knights of Columbus Charitable Fund

Knights of Columbus Charitable Fund (KCCF) recently announced that it has launched a donor-advised fund with the Diocese of St. Augustine in Jacksonville, Florida. Knights of Columbus Charitable Fund is an independent nonprofit public charity sponsoring a donor-advised fund program, which inspires Catholics' generosity and empowers Catholic organizations to maximize their philanthropic impact on the world. Dennis Gerber, president and chief executive officer of KCCF, noted, "The partnership between KCCF and the Catholic Foundation is a unique opportunity for the Catholic community in the Diocese of St. Augustine to utilize the latest technology in charitable giving to donate to the organizations that matter most to them." "The Catholic Foundation is excited to partner with KCCF in offering a Catholic option for donor-advised funds (DAFs). This simple and flexible giving tool is a hands-on opportunity for individuals and families to get involved in philanthropy – supporting the causes they care most about," added Patty DiSandro, Executive Director of the Catholic Foundation of the Diocese of St. Augustine. DAFs allow individuals and families to donate now, potentially receive an immediate tax benefit, and recommend grants later, at any time, to a qualified charity. Meanwhile, contributions to DAFs grow tax-free. DAFs are relatively low-cost and easy to set up, and they offer a level of confidentiality that individuals and families may not have with a private foundation.