Every donor or group of donors has different reasons for investing in French
ministries. The CCFOF helps you to construct the kind of fund that is best
for you.
Here are some of the possibilities:
Donor Advised Fund
By opening a Donor Advised Fund with the CCFOF, fund advisors actively participate
in grant making to French ministries. When you establish a donor advised
fund with the CCFOF, you reserve the right to make grant recommendations
to support charitable organizations and activities that interest you. The
advised fund is especially useful if you want to take a charitable deduction
one year and make distributions over several years, or if you wish to involve
family members in your ongoing charitable giving.
A provision may be added to an unrestricted, field-of-interest, or scholarship
fund agreement requiring CCFOF to seek advice from the donor, or persons
named by the donor, on distributions to be made from the fund. Advice cannot
be binding on the CCFOF board, but is given full and careful consideration.
Field-Of-Interest Fund
The donor may direct that CCFOF make grants only for specific types of ministries:
for example, ministries that reach specific communities, operate specific
outreach programs, etc. Donors may also designate that CCFOF make grants
only to a specific geographic area within France.
Ministry Fund
The donor may name the ministry or charitable organization to be assisted
by distributions from the fund if the organization meets the requirements
of the CCFOF. Should a designated organization cease to exist or the purpose
it serves becomes obsolete, the CCFOF Board has the responsibility and authority
to re-apply the distributions to another similar charitable organization.
Discretionary Fund
The donor may choose to establish a fund to benefit the purposes of the Foundation. The CCFOF makes grants from these funds directly to French ministries in the form
of challenge grants to inspire generosity within the base of ministry supporters.
Benjamin Jancewicz | Zerflin | www.zerflin.us