22 Jun Mission Moment: June 2023
The Catholic Foundation is proud to partner with Central Catholic High School, Edward Douglas White Catholic High School (E.D. White) and Vandebilt Catholic High School to establish perpetual support for these three diocesan high schools through endowments.
Over the past 4 years we are proud to have distributed a total of $90,506 to E.D. White.
Over the course of 7 years, we have been able to distribute a total of $64,910 to Vandebilt Catholic.
This year we are excited to have established the first Central Catholic endowment to being building long term sustainability for the school.
While annual gifts are a crucial lifeline to any organization, especially to our schools, we ask that you look to the future, where you may wonder what will happen to the programs made possible through your gifts once you are gone. How can you make your generosity continue today and forever?
One option is to make a gift in your will or trust to one of these schools’ endowments or create a new named endowment for the school of your own choice.
Here’s an example of how that could work.
Let’s say Mr. Thibodaux makes an annual donation of $1,000 and would like to continue his support after his lifetime. His estate planning attorney suggests that Mr. Thibodaux include a provision in his will to fund an endowment with a gift of $25,000. Once funded, we will use the interest earned from the endowment each year to fund the program of Mr. Thibodaux’s choice. The remainder is lives in perpetuity, which allows it to grow and support annual payouts indefinitely. This generous arrangement replaces Mr. Thibodaux’s $1,000 annual gift after his lifetime. * As a result, the school of Mr. Thibodaux’s choice receives the benefit of his beautiful generosity forever.
*assuming 4 percent ($1,000) is used by the fund annually
Give in Their Name
You can use an endowment gift to honor someone important to you who appreciates the work of the school and Catholic education. Consider designating your endowment in his or her name as a way to celebrate the connection their school.
The information in this publication is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.
To learn more about giving to one of our established endowments or to create one of your own, restricted to your own interests, contact Amy at (985) 850-3116 or aponson@htdiocese.org.