The Importance of Creating a Legacy of Faith

2 What is the Catholic Foundation for Northwest Indiana?  The Catholic Foundation for Northwest Indiana was established in 2008 as a non-profit, independent corporation.  Assists Catholics who want their gifts to have a lasting impact on their parishes, schools, and favorite diocesan ministries.  Over $2.1m in assets with endowments permanently supporting parish ministry, catholic education, vocations, and Catholic social services.  Offers you the opportunity to establish a perpetual gift to support your parish, school or any diocesan ministry or program.

3 Who governs the Catholic Foundation for Northwest Indiana?  The Catholic Foundation’s Board of Directors Governs all operations and actions by the Catholic Foundation Consists of Catholics from all walks of life Reflects the diverse experience of our Diocese  The Catholic Foundation’s Executive Director Provides direction, planning and operational support

4 Catholic Foundation Board of Directors Bishop Dale J. Melzcek, Chairman Tory Prasco, Vice Chairman Ken Krupinski, Treasurer Karl Dytrych, Secretary St. Mary, Crown Point St. Thomas More, Munster Director of Finance, Diocese of Gary Bret Bologna Lou Chronowski Mitch Gaffigan Nicole Nalepa Dr. Tony Puntillo Rev. Joseph Pawlowski Kelly Shikany Paul Sur Deborah Tatum, Executive Director St. Mary, Crown Point St. Thomas More, Munster St. Patrick, Chesterton St. Mary, Griffith St. Patrick, Chesterton St. Paul, Valparaiso Queen of All Saints, Michigan City St. Patrick, Chesterton

5 Many Ways of Faithful Giving  Regular Collections -- Covers Parish general operating and program expenses  Annual Catholic Services Appeal (CSA) Supports the ministries of the Diocese and Universal Church Rebates in excess of assigned goal returned to Parish  Capital Campaigns Multi-year programs to raise money for specific extraordinary expenses  Planned Giving (Endowments) A perpetual fund to provide on-going support for donor designated purposes Can be created by a parish, a parishioner, school, group or organization

6 Advantages to an Endowment  An endowment stays permanently invested. An endowed gift will never be used up. Semiannual distributions from endowment earnings will provide on- going financial support to donor designated recipient. An outright gift of cash is depleted over time.  An endowment is an irrevocable legal agreement. Donors can be assured that their donation will only be used as specified in the endowment agreement. No guarantee that an outright gift of cash will be used as the donor intended.

7 Types of Endowments Opportunities for Giving Unrestricted  No restrictions on use  Support overall ministry  Optimum flexibility for parish Field of Interest  General parish ministry  Religious Education  Parish Outreach Designated  Specific purpose  Young Adult Ministry  Seniors Group  Music Ministry

8 Variety of Giving Options to Support an Endowment Immediate Gifts  Cash  Real Estate  Stocks and Bonds Wills and Bequests  Percentage of Estate  Remainder of Estate  Real Estate Beneficiary Designation  Life Insurance Policy  Retirement Plan/IRA

9 Establishing an Endowment  Endowment Fund Initial donation of $5,000 to establish an endowment Additional donations can be added in any amount  Professionally managed investment portfolio Low management fees (1%)  Annual distribution of 5% average market value  Flexible Distribution Options Receive the distribution at the time it is offered Carry the distribution over to a future payout date Reinvest the distribution permanently in the fund

10 Catholic Foundation for Northwest Indiana Summary of Benefits  Development - Support of Parish Planned Giving Informational presentations to parish groups Wills/Estate/Endowment Seminars  Marketing Support Sample newsletter articles/marketing ads/brochures Web Promotion-Catholic Foundation’s website:  Donor Focused Service Confidential appointments with donors (and financial advisors)  Professional Management Investment Recordkeeping Regulatory Compliance

For more information, contact... Deborah Tatum Executive Director Catholic Foundation for Northwest Indiana, Inc Broadway Merrillville, IN , Ext