Establishing a fund with the CDMF is easier than you think.
We start by discussing your goals and the purpose of your fund. Many individuals give in support of their parish, school, or other Catholic ministry that played an important part in their faith and life. We facilitate that process by helping you make a lasting contribution to the Catholic community of your choice. Once you determine the recipient of your gift, we then work with you to maximize the value of your contribution by using a gift source that best fits your situation.
What Can I Give to the CDMF?
Making a cash gift is a simple and easy way to contribute. However, there are a number of other ways to give that may provide you with added benefits. Please contact the CDMF at 608-821-3046 to provide you with instructions on how to transfer these types of assets to the Foundation:
Planned gifts are an excellent way for many people to make a much larger gift than they imagined possible. Consider if making a gift in the future may be the right option for you. Find out more about planned giving.
Setting up your Fund
Once you’ve decided how your gift should be used, what assets are most beneficial for you to give and when to make your gift, contributing to an existing fund or establishing a new fund is easy.
Giving to an existing fund furthers its mission by allowing it to give larger distributions each year. Gifts of any size can be made to an existing fund.
If you prefer to establish your own fund in honor of a particular person or ministry, that memorialization can happen by establishing a new fund with a gift of at least $25,000.
The CDMF makes establishing a new fund simple. Both endowed and non-endowed funds allow you to name your fund, define the beneficiary, and outline the intended uses of your gift.
Endowment Fund – Endowments are created to provide distributions in perpetuity. The corpus of the fund remains invested while annual distributions continue to provide financial support to the ministry you choose year after year. The primary focus of the CDMF is to establish endowments. A sample endowment agreement is available upon request.
Non-Endowed Fund – Non-endowed funds are intended to be fully spent at some point in the future, but still have the need for long term investment guidance. The CDMF can help you review what investment options are best suited to meet your fund’s purpose and timeline. A sample non-endowed fund agreement is available upon request.
Depending upon the type of fund you establish, distributions are made from the fund based upon the current spending policy approved by the board of directors. Currently, the CDMF provides an annual distribution of 5%.