World News
Catholic foundation inspires donors to connect with charities
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WASHINGTON (CNS) -- When George Creel was getting ready to retire 12 years ago, he and his wife decided to invest in charities, but knew they didn't have the $5 million it takes to start a private foundation. Their financial adviser suggested a community foundation, where the cost to set up a fund is affordable. Creel read about the Maryland-based National Catholic Community Foundation in The Catholic Review, newspaper of the Archdiocese of Baltimore, and he knew he found the right place to start his philanthropy. It took $10,000 to set up a donor-advised fund with the foundation: This means the Creels, of Davidsonville, Md., can tell the foundation which charities they would like to invest in. Unlike other funds, theirs is not bound by geography. The couple's money has benefited such charities as Project Rachel, a Baltimore post-abortion counseling center; the Witherspoon Institute, a Princeton, N.J., center supporting bioethics research; the Laboure Society, an Eagan, Minn., debt eliminator for people pursuing priesthood or religious life; the Tepeyac Family Center, a Fairfax, Va., provider of medical care for people who can't afford it; and the Little Flowers Foundation, a Gaithersburg, Md., organization that helps families with the financial costs of adoption.
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