Donor Advised Fund (DAF)

A Donor-Advised Fund (DAF) is a flexible and tax-efficient way to support charitable causes. It functions as a charitable giving account that allows donors to contribute assets—such as cash, stocks, or other investments—receive an immediate tax deduction, and then recommend grants to qualified charities over time. It’s important to consider your tax situation before deciding whether to make a charitable contribution from your DAF. Be sure to share this gift plan with your advisor.

How a DAF Works

• There are no specific age requirements to open or contribute to a Donor-Advised Fund (DAF).

• Make a Contribution – Donors contribute to a DAF, which is held by a sponsoring organization (such as a community foundation or financial institution). The donation is irrevocable, meaning it cannot be withdrawn for personal use.

• Receive Immediate Tax Benefits – Donors can claim a tax deduction in the year they contribute, even if they distribute the funds to charities in future years.

• Gifts must be outright, meaning they go directly to St. Anthony of Padua Catholic Church. Our EIN is 76-0545136. Distributions to donor-advised funds or life-income arrangements such as charitable remainder trusts and charitable gift annuities do not qualify.

TAX BENEFITS

• Immediate Tax Deduction – Reduces taxable income in the year of the donation.

• Tax-Free Growth – Investments within the DAF grow tax-free, increasing the potential impact of charitable giving.

• Simplifies Giving – Consolidates charitable donations into one account, making it easier to track contributions and distribute funds.

• Flexibility – Allows donors to contribute in high-income years and distribute grants over time, ensuring long-term charitable support

ADDITIONAL DETAILS

Provide instructions on the St Anthony Fund you would like your donation applied to:

• General Fund

• Parish Endowment

• Food Pantry

• Other

Have your IRA Administrator direct your donation to:

St. Anthony of Padua

Attn: Development

7801 Bay Branch Drive

The Woodlands, TX 77382

If you would like more information about planned and tax-advantaged giving, please contact

Joe Corona @ jcorona@ap.church 

St. Anthony of Padua encourages donors to consult their retirement plan administrator, or their tax or financial advisor to determine whether this option would be advantageous based on your individual financial and tax circumstances.