An endowment gift to The Catholic Foundation today provides a brighter picture for our future. When you make a donation to our endowment, you give a gift with both immediate and long-term benefits.
Here's how it works: Endowment donations are invested. A portion of the annual income from the investment is used to address immediate needs at The Catholic Foundation. The remaining funds are reinvested to ensure indefinite support.
Longtime supporters Susan and Charlie have two goals: First, they want to make sure The Catholic Foundation continue to receive support after they're gone. Second, they want to memorialize Charlie's parents, Mr. and Mrs. Jones.
Susan and Charlie make a $25,000 donation to The Catholic Foundation, which we invest, and each year, a portion of the income from the invested money will be used to support our mission in honor of the Joneses. Plus, Susan and Charlie qualify for a federal income tax charitable deduction on their taxes.
You can create an endowed gift using the following assets:
Legal Name: The Catholic Foundation of the Diocese of Jackson
Address: PO Box 2248, Jackson, MS 39225
Federal Tax ID Number: 23-7355930
Ensure Your Future Is Secure.
Throughout our lifetime, most of us strive to make a difference in the lives of others, providing gifts to the people and causes we value. Wouldn't it be nice to know that you could continue to change lives even after you are gone—creating a legacy of support for the causes most important to you? By creating an endowment with our organization—or adding to our existing endowment—you can give a gift that lasts forever.
How It Works
Make a plan so that the programs and goals most important to you continue thriving after your lifetime.
If your annual gift is: | Amount needed to endow your gift forever:* |
*At a 4 percent endowment spending level, 25 times an annual gift amount equals a perpetual gift. | |
$1,000 | $25,000 |
$2,500 | $62,500 |
$5,000 | $125,000 |
$10,000 | $250,000 |
$20,000 | $500,000 |
For many years, Susan has been writing a check for $5,000 to our organization. She wants to continue this giving and create a legacy of support after her lifetime. She decides to update her estate plan and establish an endowment gift in her will of $125,000. When the gift is made, we use a portion of the endowment each year to fund our programs and reinvest the remainder, allowing it to grow and support annual payouts indefinitely. This generous arrangement allows Susan to continue supporting our current needs each year during her lifetime and ensures she can support our future needs after her lifetime.
We would love to work with you to help you create a lasting legacy that honors your values for many years to come. Please contact us today to learn more about establishing an endowment with our organization.
Rebecca Harris
Executive Director
Phone: 601-960-8477
Email: [email protected]
PO Box 2248
Jackson, MS 39225
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.