Donor Designated Funds
Support Your Favorite Charity When and How You Want
How Donor Designated Funds Work
01 Name the Beneficiary
Select a single qualifying 501(c)(3) charity to benefit from your fund. This beneficiary will be named in your fund agreement as the sole beneficiary of the fund and cannot be changed after the agreement is signed.
02 Make a Gift
Have your IRA custodian direct your RMD to CCF to establish your fund. When CCF receives your RMD directly from your IRA for a donor designated fund, it is considered a qualified charitable distribution (QCD), so you will not have to pay income tax on the distribution. You can make QCDs into the fund in subsequent years as well. And, this fund accepts other gift types, like cash and appreciated stock.
You can decide how much you’d like to distribute to your named beneficiary — on your own timeline.