Spirit of Giving: Donor Advised Funds

David and Sharon Trojan of Enid are grateful to be able to support the Catholic community in Oklahoma through their Donor Advised Fund with the Catholic Foundation of Oklahoma.

Donor Advised Funds are one of the easiest and most tax-advantageous ways to make charitable gifts to the Catholic community. Cash, securities, or other assets can be contributed to a DAF, which has a minimum principal of $10,000. Funds invested in a DAF receive tax-free growth and donors can recommend grants to virtually any IRS-qualified public charity.

While serving as a board member of the Catholic Foundation, David became keenly aware of the many needs of Oklahoma’s parishes and schools and suggested creating a DAF. Sharon, who is a certified public accountant, agreed with the tax planning advantage of a DAF and the ability to provide grants as needs arise.

The Trojans have used their fund to support building and capital campaigns such as “One Church Many Disciples,” St. Joseph Catholic School in Enid, and St. John University Center in Stillwater. They have also been able to give grants to Catholic Charities, the Archdiocesan Annual Catholic Appeal, the Catholic Relief Fund, and sponsorships for many other parish and school causes.