Donor Designated (non-advised) Fund
A Donor Designated (Non-Advised) Fund enables the donor to deposit a pool of funds with The Foundation of the Diocese of Raleigh to benefit a specified number of Diocese of Raleigh ministries. The Fund may be established for a period of years or in perpetuity as long as the Fund is replenished.
Often a Donor Designated (Non-Advised) Fund is treated by the donor as a charitable checking account since the distribution of gifts are restricted to a named Diocese of Raleigh ministry identified at the execution of the Fund. Unlike a Donor Advised Fund, Qualified Charitable Distributions (QCDs) may be used to fund a Donor Designated Fund.
- The donor may specifically identify the Fund’s charitable recipients (restricted to Diocese of Raleigh charitable ministries)
- Maintain anonymity or publicize the name of fund in Foundation promotional materials.
- The name of the fund may be shared directly with the recipient ministry if the donor desires.
- Knowledge that the fund will be used for the purpose directed by the donor under the management of the Foundation Board of Directors regardless of personnel changes within the ministry.
- Flexibility for the donor to advise the Foundation in writing anytime with the desire to disburse funds.
- Additional contributions may be made to the Fund at any time by the donor(s) or by others.
- Enjoy flexibility in establishing a family charitable fund with a minimum initial donation.
- Qualified Charitable Distributions (QCDs) along with gift of cash or appreciated property may be used to fund a Donor Designated Fund.