Testamentary DONOR ADVISED FUND (DAF)

Testamentary Donor Advised Fund Application

THE DONORS
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NAME THE FUND
I/We, the Donors, desire to establish, and the Catholic Foundation of Northeast Kansas, a Kansas non-profit corporation, (the "Foundation") agrees to establish a charitable fund to be funded at the death of the Donor(s), known as
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DONOR ADVISED FUND.
MAKE THE TRANSFER ($5,000 minimum)
Donor intends to transfer, convey, and pay to the Foundation, a charitable contribution, and the Foundation is authorized to accept, invest, and distribute said charitable contribution as set forth in the Donor Advised Fund Policy. The original amount transferred, along with any growth and interest earned thereon, shall be used for the charitable purposes of the Foundation, as a Donor Advised Fund.
SELECT A SUCCESSOR FUND ADVISOR
INVESTMENT OPTIONS FOR ENDOWMENT FUNDS (if applicable)
CFNEK takes the prudent stewardship of your fund seriously. You fund is managed in keeping with Catholic values using Tower Wealth Managers, an affiliate of Country Club Trust Company. The Foundation offers professionally managed fixed income and equity portfolios monitored by the Foundation's Board of Directors. Any investment management fees are netted against returns. The Foundation provides the donor, on a quarterly basis, a fund statement, which delineates gifts and grants as well as investment returns. The DAF advisor may suggest investment allocation between equity and fixed income. CFNEK invests 100% of conributions to your fund to the Fixed Income Portfolio unless the DAF advisor requests an allocation to the Equity Portfolio.
FEES
No fee is charged or accrued prior to the receipt of a charitable contribution. We charge an administrative fee in accordance with the Foundation's board- approved fee structure of $100 plus 1.0% of the value of the DAF.