Why Give to the Catholic Legacy Fund
Our Catholic faith is very important to us. The Catholic Legacy Fund was established to help Catholics pass along their faith to future generations through endowment funds and planned gifts.
Here are a few reasons for leaving your legacy with the Catholic Legacy Fund:
- Flexibility to donate your funds to your charitable interests
- No out-of-pocket expenses to establish* or maintain your fund
- Sound financial management
- Protection and fulfillment of donor intent
- Access to the Catholic Legacy Fund’s professional staff for guidance on charitable giving
- Savings on administrative, investment management, and grant activity costs since funds are combined into larger pools.
- Fewer restrictions and less paperwork than other private foundations
- Tax benefits:
- Your cash contributions are fully deductible
- Gifts of appreciated securities and/or property are deductible
- No capital gains taxes on gifts of appreciated securities and/or property
- Freedom to choose anonymity to avoid pressure of solicitation by other groups or to receive public recognition for your generosity from the Foundation
- Satisfaction of knowing your charitable interests will be supported for generations to come
VISION 2020
Our goal is to raise $20 million in endowment funds by 2020. Our immediate goal is to build the Foundation to $5 million by 2010. By reaching this goal, the Catholic Legacy Fund can supplement the Progress Annual Appeal and other revenue generated by the Foundation for the Diocese of El Paso.
Priorities of the Catholic Legacy Fund
The Foundation serves as a vehicle to support the annual and long-term needs of our growing Diocese. The Diocese has identified the following as priorities for funding support.
- Recruit and train new priests, deacons, parish life coordinators and lay ministers. The shortage of priests in the Diocese of El Paso is at a critical level. Endowment funds will support St. Charles Seminary and the ministries charged with preparing the future leadership of the Church.
- Foster Catholic education and religious formation to youth. The Diocese has 12 private and parochial schools that provide a quality education and foundation of religious values to nearly 5,000 children in our community. Endowment funds will help keep Catholic education the highest quality and affordable to families.
- Serve the spiritual and social service needs of our community through ministries. The Church has the capacity to serve the community and meet human needs like few organizations. The Diocese has 17 ministries that provide critical services to the community. Endowment funds will ensure the sustainability of our diocesan ministries.
- Sustain and grow our parishes. The 55 parishes and 22 missions in our Diocese work continuously to maintain and update our places of worship, education, service and community building. Parish endowments provide reliable funding to support operating expenses and capital improvements. And as our communities grow, the Diocese will have resources to build new parishes as needed.
|
