Sponsor Donation Recommendations
DAFScore™ : 4.15
Rank : 4.15
AUM
$81.0M
Number of Accounts
100
Minimum Balance
$0
Initial Contribution Minimum
$2,500
Grant Minimum Amount
$100
Grant Timing
Within 1 Week
Investment Options
1 - 5
Administrative Fee
1% or More
Founded in 2017,The CC DAF is a dedicated charitable account that gives you a simple, flexible and tax-efficient way to support your favorite charities. The mission of Catholic Charities is to provide service to people in need—regardeless of their faith, to advocate for justice in social structures, and to call the entire church and other people of good will to do the same.
DAF Details
International Granting
Accepts Illiquid Contributions
Ability of 3rd Party Advisors
Political or Religious Affiliation
Sell Their Own Financial Products
Tax Requirements
Minimum Grant Frequency Requirement
Provides Anonymity if Requested
Transferability to Another Sponsor
No History of Security Breaches
Customer Service Resources & Quality of Service
Great
Online Access and Ease of Use
Good
More Information
Sponsor Organization
Catholic Charities USA
Sponsor Donation Recommendations
It is desired that at least 10% of the annual grant amount be directed toward services provided by Catholic Charities.
International Granting
International grants are permitted, but additional due-diligence is required.
Accepts Illiquid Contributions
Accounts may be established with cash, securities and other noncash assets such as real estate and privately held shares. Donations of complex assets have additional rules and restrictions.
3rd Party Advisors
An account holder may also appoint a secondary account holder, for example, a spouse or family member. Both the primary and secondary account holders have full and equal account access and privileges. There is no limit to the amount of secondary account holders.
Political or Religious Affiliation
Through a CC DAF, you may support 501 (c)(3) organizations whose mission is consistent with the Catholic faith.
Sell Their Own Financial Products
It is desired that at least 10% of the annual grant amount be directed toward services provided by Catholic Charities.
Tax Requirements
There is no tax code requirement for DAF donors to meet a minimum payout requirement.
Minimum Grant Frequency
No requirement
Overall Grant Restrictions
Grants cannot be made to individuals, private non-operating foundations, Type III supporting organizations or any other entity prohibited by the IRS.
Provides Anonymity
Grants are made by checks bearing the name of the Catholic Charities USA DAF account together with a letter that references the account name & the donor’s name, or the grants may be made anonymously at your request.
Investment Options
Donors may recommend their contributions be allocated among the DAF’s Investment Funds, each of which is professionally managed by third parties (UBS & Morgan Stanley) according to different investment objectives. Each fund meets the requirements set by the United States Conference of Catholic Bishops for socially responsible investing (SRI). Currently, the CCUSA DAF offers investments in the following 4 funds: Cash Management Fund, Income Fund, Income & Growth Fund, and Growth Fund.
Transferability to Another Sponsor
Assets can be transfered to another DAF sponsor that is also a 501(c)(3) charitiy.
History of Security Breaches
In early 2020, Blackbaud, which manages data for many nonprofits, notified CCUSA that it was the target of a ransomware attack. Blackbaud obtained confirmation that the data was deleted in exchange for a payment to the hacker, and provided assurances to CCUSA that the risk to individuals whose data was taken was very low.
Administrative Fees
An administrative fee equal to 1.00% of the account balance will be charged & withdrawn from the fund on a quarterly basis.
Customer Service
CCUSA provides personalized customer service by learning what areas are of greatest interest or concern to you & supporting you in identifying charities that align with your charitable goals. •703-236-6259 •asciacca@CatholicCharitiesUSA.org
Online Access & Ease of Use
Online Platform
Latest News
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