We are in the thick of tax season, with the April 15th deadline right around the corner! When you meet with your tax and investment advisors to review the past year and prepare for your financial future, it is an excellent time to discuss the strategic tools that can optimize your tax benefits while supporting Catholic causes that matter most to you. By considering charitable giving options such as a…
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Despite the restless market conditions, many Catholic causes that have endowment funds managed by the Catholic Foundation have benefited from donors’ generosity and investment savvy. Donors holding onto appreciated investments took advantage of tax savings by donating it to the endowment fund of their favorite Catholic cause. A sampling of endowment funds receiving appreciated tax benefiting gifts include the: Robert & Cynthia O’Hara Family Fund John Paul II Café Endowment Fund George…
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For more than a century, St. Anne School has been a beacon of faith-based education, nurturing young minds and hearts in Bethlehem, Pennsylvania. “Rooted in Catholic tradition, we strive to prepare students for a future of academic success, moral responsibility, and compassionate leadership,” said Rev. Anthony Mongiello, Pastor of St. Anne Parish. “However, maintaining our mission requires more than dedication and hard work — it also demands financial sustainability.” Thankfully,…
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Fifty years ago, ABBA’s new single, Take a Chance on Me, soared to #1 on the UK charts. It may seem an unorthodox connection, but the song’s message resonates with the work of the Catholic Foundation of Eastern Pennsylvania. Over the years, 115 partners and hundreds of donors have taken a chance on us, placing their trust in the power of endowment funds to sustain their beloved Catholic causes. Parishes,…
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Beneficiary designations can be a great way to leave a forever gift to your favorite Catholic cause, avoid estate taxes and lessen inheritance tax for heirs. A person’s life-long impact on the world does not need to stop at their death. Naming a favorite Catholic cause’s endowment fund as a beneficiary on a life insurance policy, or on any investment accounts ensures that their impact on the organization will continue long…
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Planned giving has become an appealing means for individuals and couples to create a lasting legacy, allowing them to make a substantial impact that goes beyond what they could achieve during their lifetime. This method of giving provides an opportunity to leave a lasting mark, reflecting one’s values and their desire to support others. During the past 10 years, the Catholic Foundation of Eastern Pennsylvania has been helping people achieve…
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Memorial gifts to endowment funds managed by the Catholic Foundation of Eastern Pennsylvania are a meaningful way for family and friends to remember a loved one who has died. People are comforted in knowing that by making a gift to the Catholic Foundation for their favorite Catholic cause, their gift – and the memory of their loved one — lives forever. People interested in establishing a memorial campaign for a…
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Four pastors in Northampton County and one pastor in Berks County started new parish endowment funds with the Catholic Foundation of Eastern Pennsylvania during the past fiscal year. A total of six funds were created to support parish programs and activities, special programs, liturgical programs and fixtures, maintenance and capital improvements. Parishes creating parish funds include: Immaculate Conception BVM, Douglassville Assumption BVM, Bethlehem St. Elizabeth of Hungary, Pen Argyl…
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Eight years ago, Monsignor Michael Chaback, then the Director of the Office for Permanent Diaconate Formation for the Diocese of Allentown, presented 47 men to then Bishop John Barres to be ordained as deacons. You read that number correctly: four – seven. According to the Center for Applied Research in the Apostolate (CARA) at Georgetown University, which studies church trends and demographics, it was the largest class of deacons in…
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The future success of your favorite Catholic cause started with you … … and your strategic gift to an endowment fund. During the past five years, close to 500 donors made more than 600 gifts to endowment funds managed by the Catholic Foundation of Eastern Pennsylvania to support their favorite Catholic causes. This is tremendous. Thank you. And thanks to those same donors, the Catholic Foundation has grown to more than…
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