Through thoughtful planned giving, contributors can make a positive difference, ensuring the men of Holy Cross
can continue to make God known, loved, and served by bringing the hope of the Gospel to all the world.

A Donor-Advised Fund (DAF) allows donors to make tax-deductible donations to a public charity, which then manages the invested funds and allows the donor to recommend grants to other qualified charities over time. It is a charitable savings account where donors can contribute assets, receive immediate tax benefits, and advise on how the funds are distributed to charities.

A donor makes an irrevocable charitable contribution to the charitable sponsor using any number of assets, from cash to stocks to real estate to hedge funds. The charitable sponsor invests the assets based on the donor’s philanthropic goals (immediate giving, giving for a limited number of years or in perpetuity). The donor recommends grants from their donor-advised fund to other charitable organizations.

In creating a DAF, the donor receives an immediate tax deduction for the initial and subsequent gifts to the charitable sponsor. The charitable sponsor retains legal control over the assets and the donor retains advisory privileges to make non-binding recommendations regarding grants. The charitable sponsor manages the investment and compliance responsibilities, often charging a fee for each service