Sharing the Legacy...To Renew All Things in Christ
Endowment Funds at Saint Pius X Catholic Church

Why an Endowment Fund?
The mission of our parish is to welcome, evangelize and educate, to provide spiritual nourishment, to promote Christian values, to foster peace and justice and to encourage service to others. Our vision is to foster stewardship as a way of life by engaging our community in works of ministry founded on hospitality, prayer, formation and service.

Two Endowment Funds have been established to perpetuate our mission and vision:

Monsignor William C. Schooler Endowment Fund
Providing continued support for ongoing faith formation programs (religious education, youth ministry and adult formation) at Saint Pius X Catholic Church.

Saint Pius X School Tuition Assistance Fund
Providing tuition assistance to students with financial need attending Saint Pius X Catholic School in Granger, IN.


How is the Fund Organized?

• The Funds will exist for the life of our Parish, providing an ongoing source of income to support and to secure faith formation for all parishioners from cradle to grave.
• The Funds’ principals will remain intact. Only income earned on Fund assets will be utilized.
• The Funds are designated Funds within the Catholic Community Foundation of Northeast Indiana, which is a separate 501(c)(3) entity. The Foundation provides professional management of the funds—to collect and invest moneys, as well as, distribute Fund earnings, based on individual Parish investments.
• A Governing Board will be established to oversee and administer Fund earnings. The Board will be comprised of Saint Pius X parishioners who represent the leadership groups of the parish.

How can I give to a Fund?
The Parish recognizes that your first responsibility is to take care of your family and their needs. You are encouraged to:

• Pray for guidance in making your gift decision.
• Consult with your lawyer, financial planner and/or tax advisor. They can help you decide on the most appropriate gift for your personal situation.
• Establish an Estate Plan, will and/or trust to protect your assets so they last your entire lifetime; to transfer your assets at death with the least amount of cost to your heirs; and to arrange ownership of your assets and ensure they go to whom you choose.
• Consider deferred gift options that will provide you with income during your lifetime.
• Contact the parish office to fill out the necessary forms.

Options for Giving

• Gifts of Cash
• Memorials: Gift to the Fund in honor or in memory of a loved one.
• Wills or Bequests: Name the Parish Endowment Fund as a beneficiary.
• Appreciated Property: Assets that have appreciated in value over the years, such as securities, real estate, and collectibles are gifted directly to the Funds. You receive a tax deduction for the gift, avoid the capital gains tax you would have incurred if you sold the appreciated item, and, avoid estate tax.
• Charitable Remainder Trusts: Assets are transferred to a trust designated to ultimately benefit the Fund. You choose a rate of return or a fixed dollar amount to be received as income to you. The remaining assets in the trust benefit the Endowment Fund. You receive a tax deduction and avoid capital gains tax on any appreciated securities used to fund the trust.
• Charitable Gift Annuities: Similar to a charitable remainder trust that relies on a contract instead of a trust. A fixed percentage of your original gift is income for life.
• Life Insurance Gifts: Give to Endowment Fund as the owner and sole beneficiary of a new or existing life insurance policy. You receive a tax deduction and upon death, the proceeds are exempt from estate tax.
• Life Estate Gifts: Similar to a gift of an appreciated residence, except that you continue to live in the home during a specific period (usually your lifetime). A tax deduction, and avoid capital gains and estate tax is received.
• Personal Family Funds: A Personal Family Fund can be thought of as a “charitable savings account” and can be funded over a two-year period. All money placed in the Fund can be tax deductible in the year it is added.
• IRA Distributions: Up to $100,000 a year can be distributed directly to the Fund. This distribution counts towards your Required Minimum Distribution (RMD), but is not included in your annual income. (subject to approval by the U.S. government)