Fall 2020 Member Magazine

MAKE A DIFFERENCE THROUGH CATHOLIC FINANCIAL LIFE’S FOUNDATION IN 2006, CATHOLIC FINANCIAL LIFE ESTABLISHED A CHARITABLE FOUNDATION IN ORDER TO HELP OUR MEMBERS ACCOMPLISH THEIR CHARITABLE GOALS. TODAY, IT HAS GROWN TO MORE THAN $2 MILLION DOLLARS IN ASSETS THANKS TO OUR MEMBERS.

There are three types of funds that can be created or donated to through the Catholic Financial Life Foundation. 1. Donor Advised – These funds allow members to establish a fund while they are living and determine which charities receive grants. 2. Donor Designated – These funds can be established while someone is alive or upon their death. The donor specifies which organization(s) receive an annual donation. This is a great way to support your parish, school or other favorite charity in perpetuity if you want. 3. Field of Interest – These funds combine donations from lots of members to support specific types of charitable causes. The Foundation’s three field of interest funds match Catholic Financial Life’s charitable priorities: helping the poor, supporting Catholic education and assisting people with special needs. As a service to our members, we have made establishing a fund to benefit your parish, school, favorite charity or all of the above very easy through this three-step process. 1. Determine the charities or causes most important to you. 2. Make a gift to the Catholic Financial Life Foundation or name the Foundation as the beneficiary or partial beneficiary of a life insurance policy, an annuity or other aspects of your estate. A minimum of $25,000 is necessary to establish a named endowed fund but any amount can be donated to the existing field of interest funds at any time. 3. Contact the Catholic Financial Life Foundation in order to establish a fund consistent with your charitable wishes. The Foundation is another value-added benefit offered to our members. Additionally, Catholic Financial Life subsidizes the cost to invest the money while other Foundations have to pay staff, rent office space and purchase supplies. Because the Foundation is administered by our associates there are no overhead expenses or salaries, which allows 100 percent of your money to go to charity. If you would like to learn more about how the Foundation can help you accomplish your charitable goals and benefit the organizations or

causes closest to your heart, please contact Bill O’Toole at bill.otoole@catholicfinanciallife.org or 414-278-6700.

Read more at cfl.org

FALL 2020 CATHOLIC FINANCIAL LIFE 15