Questions About the Catholic Foundation of North Georgia
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- What is the relationship between the Catholic Foundation of North Georgia and The Archdiocese of Atlanta?The Catholic Foundation of North Georgia is a separately incorporated public charity with its own 501(c)(3) established to serve the Catholic community in The Archdiocese of Atlanta.
- What geographical area do you serve?The Catholic Foundation primarily serves the 69 counties in The Archdiocese of Atlanta.
- Does the Catholic Foundation charge a fee for its services?All of our giving services to parishioners, parishes, schools, or non-profits are free of charge. Administrative fees are charged against each endowment and donor advised fund according to the fee schedule.
Questions About Giving to the Catholic Foundation
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- Do I need to be wealthy to work with the Catholic Foundation? Is there a minimum dollar amount I need?We will work with anyone who wants to support the community, regardless of personal wealth. There is no minimum dollar amount. Most people have assets they can leave to the church at death, regardless of the wealth during their lifetime. People of wealth will also find that the Catholic Foundation is here to serve their charitable intentions.
- Do I need a lawyer or financial planner to work with you?Even if you do not have a lawyer or financial planner, please contact us so that we can assist you in finding a professional advisor to help meet your needs. The Catholic Foundation does not provide legal, tax, or financial planning advice. We assist you with charitable gift planning and will work with your professional advisors to provide you the best overall service.
- Can I make a gift in honor or in memory of someone?You may honor someone special or make a gift in memory of a loved one who has passed away either now or through a planned gift. You can donate now by making a gift to one of our named endowment funds, a parish endowment fund, or the Catholic Foundation's operations. You may also make a planned gift in memory of or in honor of a loved one. Lastly, you can create a new fund to name after your loved one.
- Can I choose which organizations my gift will help?Donors can choose which funds receive their gifts and which eligible organizations benefit from the funds. We have an endowment fund for every parish and archdiocesan Catholic school, as well as many ministries and non-profits, so you can help multiple organizations with your gift.
- Can I donate personal property like my car, home, farm, or diamond ring?We do accept some types of real and personal property, including real estate. We do not accept cars, timeshares or cemetery plots. Please contact us to determine what gifts are eligible. All gifts of personal property require due diligence before acceptance.
- How do I transfer securities to the Catholic Foundation?It is easy to transfer securities. Please follow the instructions here.
- If I create a donor-advised or endowment fund, can I recommend gifts to organizations that are not Catholic or outside the archdiocese?Donors can recommend gifts to non-Catholic organizations or ones outside the archdiocese as long as they are eligible according to our policies and in agreement with Catholic teaching. Donors can also create an endowment to benefit charitable organizations that are not Catholic or not located in the archdiocese. All donors are encouraged to recommend the majority of their gift to Catholic organizations in the archdiocese.
- What does planned giving mean?Planned giving involves making a plan to give assets to a parish, Catholic school or non-profit either during your lifetime or your will or estate. Planned giving professionals help donors determine how and when to make a gift that support their charitable intentions, while ensuring that their families' needs are being met. To learn more about planned gifts, please click below.
Questions About Endowments
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- What is an endowment?An endowment is a fund that is generally intended to exist in perpetuity, and is managed to provide a permanent source of income or gains to support its designated purpose. Gifts to endowment funds are not spent, but are protected forever.
- How much do I need to create an endowment fund?Anyone can create an endowment fund for a minimum of $5,000. Donors continue giving to the fund until it reaches $25,000 (within five years or in their will). At $25,000, the fund is eligible for distributions to the causes for which it was created.
- Who can give to an endowment fund?Anyone can give to an endowment fund, and there is no minimum amount. We welcome gifts of any size.
- Do I get a tax deduction by giving to an endowment fund?The Catholic Foundation is a public charity. Gifts to the Catholic Foundation of North Georgia are tax-deductible under Section 170(c) of the U.S. Internal Revenue Code, in accordance with IRS regulations. The Catholic Foundation provides written acknowledgment of all charitable donations.
- Can I give anonymously?Yes. Please discuss your desire for anonymity with our staff.
- Why should I consider an endowment rather than an outright gift?Both outright and endowment gifts are valuable to parishes, schools, ministries, and other non-profits. Outright gifts help meet the organization’s current needs and will likely be spent in the near future. Endowment gifts are intended to meet the organization’s future needs, providing support forever.
- What if I have a family foundation already?Private foundations and the Catholic Foundation serve similar, although not identical purposes. The Catholic Foundation can often provide greater tax advantages and distribution flexibility, and we assume the costly and time-consuming record-keeping and reporting responsibilities associated with private foundations. We also provide a uniquely Catholic focus, enabling our donors to impact the Church now and in the future. We welcome the opportunity to work with you, your family, and your advisors, and to provide any of our reporting and grant-making services. You may make a grant from your private foundation to establish a fund at the Catholic Foundation, or transfer your private foundation to an endowment or donor advised fund at the Catholic Foundation.
Questions About Organization Endowment Funds
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- Can parishes, schools or non-profits establish a fund with the Catholic Foundation?The Catholic Foundation works with parishes, schools and non-profits to create endowment funds. We partner with you to promote and grow the fund through planned gifts.
- Should all organizations have an endowment?Organizations with a long history of service and those with community support will benefit from an endowment option for their donors. Organizations in financial crisis or new organizations without a developed donor base may not be ready for an endowment.