Legacy of Faith Catholic Community
Foundation of Oregon: Types of Funds

To meet the varying philanthropic goals of donors, as well as the needs of the Catholic community, 
the Legacy of Faith Foundation manages four general types of funds:
discretionary, field of interest, designated beneficiary, and donor-advised funds.

The Foundation does not invest in companies or give grants to organizations involved in 
activities contrary to teachings of the Catholic Faith.

•  A donor may choose to make a gift toward the broad general charitable purposes of the Foundation. 

•  SUSTAINING ADMINISTRATIVE ENDOWMENT FUND 
  A donor may wish to provide administrative support to the endowment fund established for The Legacy of  Faith Catholic Community Foundation of Oregon.

Designated funds are established by donors to benefit one or more specific organizations.

• SCHOLARSHIP FUNDS
  A donor may establish a Scholarship Fund to benefit students seeking education in Catholic schools at the elementary, middle school, high school or university level.
   

• SPECIAL PROJECT & BUILDING FUNDS
  Special projects can be for the improvement of identified programs within individual parishes.
  Building funds would be for the construction of permanent facilities.
   

• FIELD-OF-INTEREST FUNDS
  A donor may direct that a gift be used to support a particular or general charitable interest, such as  
  children, health, senior citizens, etc.

Individuals, Families, or Faith Circles could establish a donor-advised fund that would allow them to direct distributions from their named fund to qualified charities. This provides the donor considerable flexibility 
and the ability to name successor advisors, and prefund several years of charitable giving.

Charitable Gift Annuities are very flexible. A donor makes a gift and receives income for life. The amount of income varies with age and whether or not the annuity income varies with age and whether or not the annuity is for a single person or a married couple.  Charitable Gift Annuities can have immediate or deferred payments, and have favorable tax benefits. Donors also determine where any remaining funds will be directed once they are deceased.

An Agency Fund is a person, organization or business that provides a service for another organization or party. LFF pools their contributions with those of Donor Advisors, endowed funds and scholarship funds to reduce the overall cost of asset and custodial management.

The diocesan website is for educational purposes only and not considered professional financial or legal advice.  Benefits will vary depending on various factors.  An important part of making a planned gift is consultation with your own professional legal and financial advisors to determine the best vehicle to fit your needs.