Each week — or month or year — you give generously to your parish to fuel its vital mission and ministries. By directing a gift to your parish endowment, you can provide consistent and reliable financial support to these ministries forever.
Your parish’s permanent endowment is invested, grows, and yields annual grants to fund its ministries — in perpetuity. Here are five ways you can support your parish endowment:
01 Cash or Stock
Contribute any amount at any time! Checks should be made payable to your parish, with a note that your gift is for the endowment fund. Or avoid capital gains tax by making a gift of stock to the fund.
02 Gifts in Your Will or Estate Plan
A simple way to remember your parish is in your will or estate plan. You may designate a specific dollar amount or percentage of the residue of your estate as a gift to your parish endowment.
03 Life Insurance or IRA Beneficiary Designations
It’s easy to name your parish as a beneficiary on your life insurance policy or retirement plan. Be sure to let your parish know of your plans and specify that your gift will support the parish endowment.
04 Charitable Gift Annuities (CGA)
A CGA is a gift that pays you guaranteed income for life. The balance of your annuity then becomes a charitable gift to your parish endowment. A minimum gift of $10,000 is required to establish a CGA.
05 Donations of Personal Property, Real Estate, or a Business
Avoid the hassle of selling real estate, a business, or personal property of value — and receive valuable tax benefits. In the case of a primary or vacation home, you can even continue to use it for the rest of your life and dedicate it to your parish in your estate plan.
As the steward of permanent endowments for most parishes in the Archdiocese of Saint Paul and Minneapolis, the Catholic Community Foundation of Minnesota (CCF) shares your vision for a vibrant and sustainable Catholic community for generations to come. Contact us to learn more about your parish endowment and how the experts at CCF can support your planned giving and charitable goals.
The information provided above by the Catholic Community Foundation of Minnesota (CCF) is general and educational in nature. CCF and its staff do not provide individualized legal or tax advice. We recommend you consult with your attorney or tax professional regarding your unique personal situation.