By: Wayne Allen
September 11, 2012
Someone once said that what gets me up each morning is the whole prospect of building something that will last beyond my own life. This statement is, in a nutshell, what we do at The Catholic Foundation. Last month when a donor couple came to us saying they wanted to open a Donor Advised Fund but didn’t know what organizations were in most need, we were ready.
The donors understood that The Catholic Foundation knows the needs in our community so the DAF was unrestricted allowing us to provide grants to charities that were the hardest hit by today’s economic climate. Because of this generous act, that one contribution was able to help 10 different organizations effecting six counties in support of basic needs. According to Feeding America, Ohio’s food vulnerability percentage is a staggering 18%. This means that approximately 1 out of 5 people do not know from where their next meal will come. Seeing a 60% increase in need from our food pantries in the last two years, the Foundation looked first to respond to this basic need, followed by clothing, medicine and utilities. Applicants who did not receive funding in the Focus or The Challenge In Changing Timesgrants process were given first priority.
Opening a Donor Advised Fund is as easy as sharing a cup of coffee. Your Donor Advised Fund will allow you to recommend distributions to the qualified tax-exempt organization(s) of your choice at any time you choose. You will receive immediate charitable deductions when you open it and when you make additional contributions to your account. The Catholic Foundation is here to help make a difference in the lives of others. Contact us to learn about opening your own Donor Advised Fund and together we can impact the lives of many. www.catholic-foundation.orgor 614-443-8893.
The following organizations locally were given grants:
St. Mary of the Annunciation Parish, Portsmouth, Scioto County??
In May, Scioto County recorded the third highest rate of unemployment in the state at 10.5%, and their food insecurity rate is among the highest in the diocese at 19.3%. St. Mary Parish Food Pantry helps address the community hunger but has had to close on several occasions for lack of food. They are supplied by the Freestore Foodbank in Cincinnati. This grant will purchase about 1,600 pounds of food.