- What is a restricted fund?
- How does it work?
- Benefits & Cost
- How to get started
- IRA charitable rollover
What is a restricted fund?
WHAT IS A RESTRICTED FUND?
A Restricted Fund with Knights of Columbus Charitable Fund allows a donor to designate a specific charitable organization to benefit exclusively from the fund when it is created. In many cases, individuals leverage a Restricted Fund to make the most of qualified charitable distributions from their traditional IRAs. Known as a Charitable Rollover, this strategy enables you to amplify your support for the organizations that matter most to you, both today and in the years ahead.
How does it work?
HOW DOES IT WORK?
As the donor, you establish the Restricted Fund at Knights of Columbus Charitable Fund and designate the charitable organization you would like to regularly support. When you are ready, you make grant recommendations from your Restricted Fund to your designated charitable organization. Contact Knights of Columbus Charitable Fund to set up your account.
Benefits & Cost
BENEFITS
Knights of Columbus Charitable Fund offers Restricted Funds for individuals who wish to make either a single charitable gift, or recurring gifts to a particular charity. With Knights of Columbus Charitable Fund, nonprofit organizations can also establish a Restricted Fund; Knights of Columbus Charitable Fund then accepts charitable donations on their behalf, including illiquid gifts.
A Restricted Fund is also useful for eligible individuals who wish to make a charitable IRA rollover contribution, which is not permissible into a traditional donor-advised fund. Donors then can receive the maximum income tax deduction available in the year the contribution is made.
Donors may be able to avoid capital gains taxes and realize maximum tax deductibility when donating real estate or other complex assets to a Restricted Fund. Most importantly, by establishing a Restricted Fund and
an Endowment Fund, you can build a sustainable source of funding for the charity and make an impact beyond
your lifetime.
If you are interested in an Endowment Fund, please contact Knights of Columbus Charitable Fund.
How to get started
1-833-877-0728
IRA charitable rollover
IRA CHARITABLE ROLLOVERS WITH KIGHTS OF COLUMBUS CHARITABLE FUND
If you are 70 1/2 years old or older, you can make a Qualified Charitable Distribution, or QCD, gift up to $100,000 annually from your traditional IRA(s) directly to a 501(c)(3) public charity.
Learn more about IRA Charitable Rollovers with Knights of Columbus Charitable Fund 