St. Joseph School Endowment & Charitable Trust Giving Guide

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1 St. Joseph School Endowment & Charitable Trust Giving Guide Jesus said to them, I am the bread of life; he who comes to Me shall not hunger, and he who believes in Me shall never thirst. John 6:35

2 S t. Joseph School Endowment and Charitable Trust is a private, secular, non-profit fund established to provide financial aid and support to St. Joseph School in Conway, Arkansas. Since 1976, its primary purpose has been to provide a permanent, supplemental income for the school. An endowment is like a retirement fund; its purpose is to provide income. All contributions to the Endowment are placed to work in a variety of investments where the principal remains intact and only the investment income is utilized to support the school. Each year, the Board of Trustees reviews the amount of income earned from the investments and then designates the annual contribution for the school. Ultimately, the St. Joseph School Endowment is a source of permanent, reliable funding for St. Joseph School. We encourage you to ensure the future of Catholic education by including St. Joseph School Endowment in your charitable giving plan.

3 Charitable Contributions Charitable contributions can be the simplest estate-planning tool. A charitable contribution is simply a gift of property to a charitable organization, and can be made in a variety of manners. Like other investments, the key to making the most of charitable gifts requires careful consideration of what you want to accomplish and then careful planning to achieve that goal. Considering what to give, when to give and how to give will help you make the critical decision of how much to give. This publication contains descriptions of many of the options available for inclusion in your long-term plan Heritage Society Anyone who remembers the St. Joseph School Endowment with a gift naming The Endowment as a full or partial beneficiary of their: will, a life insurance policy, retirement plan, charitable remainder trust, gift annuity, or life estate agreement becomes a member of the 1879 Heritage Society. Heritage Society Members are an elite group of donors who have blessed the Endowment through their generosity, thoughtfulness and foresight. Your membership in the society can inspire others to leave their own legacy. Please consider becoming a member of the 1879 Heritage Society. The Endowment does not need to be informed of the gift amount in advance, only of the intention. To show our gratitude, The Endowment holds an annual luncheon to honor our Heritage Society Members.

Outright Gifts The most common gifts are outright gifts. In addition to cash gifts, St. Joseph School Endowment & Charitable Trust accepts gifts of securities, real estate and personal property.

4 Outright Gifts The most common gifts are outright gifts. In addition to cash gifts, St. Joseph School Endowment & Charitable Trust accepts gifts of securities, real estate and personal property. Cash You may give an outright charitable contribution of cash. Stocks, Bonds, or Mutual Fund Shares Please contact The Endowment for the account information to transfer stock. The Endowment will sell securities as soon as possible after the transfer. Real Estate You can make a contribution of appreciated property such as long-term real estate holdings. For a property that has decreased in value, it may be better to sell the property and make a cash gift of the proceeds. There are also ways to make a gift of property and still retain the right to enjoy the use of the property as long as you are alive. Your financial advisor can assist you in determining the best approach for specific real estate. The Endowment reserves the right to accept or decline real estate. Personal Property The Endowment may accept gifts of personal property, including but not limited to, coin collections, works of art, boats, motor vehicles and other valuable items.

Planned Giving D eferred gifts, also called planned gifts, are arranged during the donor s lifetime, but the benefits do not accrue until a later time, usually after the death of the donor or his/her

5 Planned Giving D eferred gifts, also called planned gifts, are arranged during the donor s lifetime, but the benefits do not accrue until a later time, usually after the death of the donor or his/her beneficiaries. Your planned gift provides you tax benefits while supporting St. Joseph School Endowment & Charitable Trust. We encourage you to talk with your tax advisor to discuss the planned gift which will best fit your financial situation. Bequests A bequest to the Endowment is made in the donor s will or revocable trust. Designating the Endowment as Beneficiary The Endowment can be designated as a beneficiary of a life insurance policy, an IRA, a 401(k) plan, a profit sharing plan or other qualified plan. Charitable Remainder Trust A charitable remainder trust is a trust established by the donor. It provides payments to the donor either for life or a term of years (not exceeding twenty). At the end of that period the remaining trust assets are distributed to one or more charities. Charitable Gift Annuity A charitable gift annuity is a contract in which you exchange a gift of cash or securities for a fixed income each year for the rest of your life (or for the lives of two people). Gift annuity rates are determined by the age of the person or persons who receive the income payments. The older you are, the higher the rate of return.

Restricted and Unrestricted Funds Any gift you give to The Endowment must become part of its principal so it is not possible to specify that your gift must be directly disseminated to the school in a

6 Restricted and Unrestricted Funds Any gift you give to The Endowment must become part of its principal so it is not possible to specify that your gift must be directly disseminated to the school in a certain way. You can, however, request that your contribution be put into one of our designated funds. Each designated fund is for a specific purpose and allows our donors to support the school for a particular area of their choosing. This is called a restricted gift. Contact the Endowment office to learn more about beginning your own designated fund. You can also give a gift to the Unrestricted Fund. Gifts to the Unrestricted Fund will be used to fill the need of highest priority at the time of dissemination. Because educational needs evolve over time, the flexibility of a gift to the Unrestricted Fund allows the Endowment to fund needs five years from now that cannot even be envisioned today. With the swiftly changing world, this kind of flexible funding is a growing need. Honor and Memorial Tributes E ach gift given to the Endowment receives an honor/memorial tribute, whether it be In Memory of, In Honor of or In Celebration of someone designated by the donor or the donor themselves. Many families choose to name the Endowment as a beneficiary 'in lieu of flowers' when a loved one passes away. Others honor a friend or family member for a special event such as a birthday or anniversary. During the holidays, donors often give in another's name or a special teacher's name as a unique Christmas gift. There is no minimum amount to establish an honor/memorial tribute.

1210582 SJSE Giving Book 2:Layout 1 12/5/12 2:17 PM Page 7 Monthly Giving O ne of the easiest ways to support The Endowment is through a monthly gift via bank draft or credit card draft (VI or MC

7 SJSE Giving Book 2:Layout 1 12/5/12 2:17 PM Page 7 Monthly Giving O ne of the easiest ways to support The Endowment is through a monthly gift via bank draft or credit card draft (VI or MC only). You can specify the monthly amount to be drafted and then never have to think about it again. Even a small gift amount monthly accumulates over time. Twenty dollars may not sound like much, but when you give $20 per month it adds up to $240 per year and if 100 people participate, it swiftly grows to $24,000. There are tax advantages to all forms of planned giving. Because the rules regarding the tax implications of planned giving change on a regular basis, we urge you to consult one of the many professionals who stay abreast of tax laws and their effect on the taxation of specific investments. It is good to partner with a financial advisor with whom you are comfortable to further explain these options and annually assess the status of your estate. For additional information regarding any of these giving plans, please visit our website at sjse.org or give us a call at

Your gifts allow us to accomplish our mission of supporting St.

8 The St. Joseph School Endowment appreciates each and every gift. Thank you for your consideration. Your gifts allow us to accomplish our mission of supporting St. Joseph School. St. Joseph School Endowment 1315 College Avenue Conway, AR

Charitable Gift Annuities

Charitable Gift Annuities What is a Charitable Gift Annuity? A charitable gift annuity is a planned giving tool that allows the donor to make a gift while at the same time receiving a constant stream of