What is the Saint Ambrose Endowment Fund
Giving that lasts
All contributions to the endowment fund stay within Saint Ambrose Parish. Funds generated through an endowment program will provide dependable income and be here to benefit the church and school for generations to come.
The Fund’s purpose is to meet the current, future and general operations and capital needs of our school and parish. To support Catholic education, this Fund may support diverse needs by distributing scholarships, updating educational equipment or supporting teacher salaries. Parish needs may involve facility and landscape maintenance, repairs and/or upgrades.
The Saint Ambrose Parish Endowment Fund grows through many types of gifts, including direct donations of cash, stock, bonds, or real estate; memorial or honorary gifts; retirement fund distributions; and bequests made through a will or trust. Each gift helps create lasting financial support for the parish and school while offering meaningful ways for donors to give in honor of loved ones or through their estate plans. One parishioner, Veronica Becherucci, remembered for her kind heart and love for her community, left a portion of her estate to Saint Ambrose as a final gift of gratitude and faith. By including Saint Ambrose in your own plans, you honor the role the parish has played in your life and help ensure it can continue to serve, support, and care for future generations.
Celebrate the Baptism, Communion, Confirmation and Marriage of your loved ones by making a donation to the Endowment Fund in their name and helping in continuing the mission of Jesus Christ at Saint Ambrose. “We wanted to recognize how important this parish has been in our lives. As lifelong parishioners since 1959, we feel that contributing annually to the endowment fund will help our parish take care of the needs of future families.” – William and Joan Thesling
Annual gifts can be made through a one-time donation or an ongoing pledge of cash, stocks, bonds, mutual funds, or real estate, and may provide an immediate charitable tax deduction. If you are age 70½ or older, you can also make a Qualified Charitable Distribution directly from your IRA, which can count toward your required minimum distribution and may be tax-free if completed by December 31. Future gifts allow you to support Saint Ambrose through your estate plans. This can be done by naming the parish in your will or trust, or by setting up a simple payable-on-death designation.
Our parish serves both our local community and people around the world by feeding, educating, and sharing the Gospel of Christ with thousands. The Endowment Fund helps make this possible, and your gift leaves a lasting legacy that supports this important work for many years to come.
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Parish Life
Rooted in tradition
William and Joan Thesling, lifelong parishioners since 1959, shared that they give to the Endowment Fund to honor how much the parish has meant in their lives and to help support future families.
Milan Society
This is a recognition of those individuals and families who have made or committed to make a legacy gift through their estate plans. We ask that those who plan to make a legacy complete this form so that we can include you in the Milan Society today.
radiate more brilliantly today thanks to John Dogger, Bob Downs, and Kathy Plavecski. During the summer of 2024, thanks to the Saint Ambrose Endowment Fund, these windows and the exterior glass were replaced and refurbished. The sunlight passes through the beautiful colored glass creating a beautiful and radiant glow in the Church.
and especially our parish community – at its best moments. Each member has a unique color, shape and size. When we all come together and allow the Light of Christ to pass through us, we create a vision of God’s glory and beauty.
three members of our parish community – John, Bob and Kathy – had an idea for our parish community –the establishment of an Endowment Foundation.
and be a way for our members to make sure Saint Ambrose Parish and its worship, ministry and programs would have the support needed to continue long into the future.
faithful work and dedication, we have the Saint Ambrose Endowment Foundation.
to thank and recognize our members who have made an exceptional gift to the Saint Ambrose Endowment Foundation. In the spirit of our parish patron, Saint Ambrose of Milan, we have created the Milan Society. It is most appropriate that the first to be inducted are those who years ago had both the vision and made the extraordinary efforts for the good of our community.
John Dogger, Bob Downs, and Kathy Plavecski – our Milan Society Inaugural members. Saint Ambrose Parish will always be better because of your gift – your sacrifice – the legacy you have given to this community.
Other Information
If you are aged 70½ or older, you again have the opportunity to save on taxes and make a charitable distribution gift from your IRA. With a direct transfer from your traditional IRA to a qualified charity, you satisfy your minimum required distribution for the year. IRA Qualified Charitable Distributions are income tax-free so long as the gift is made by December 31st.
Consider an IRA Qualified Charitable Distribution to benefit your parish, Catholic Charities, Priestly Formation, Catholic Education, the Heart of a Shepherd campaign or another ministry of the Diocese of Cleveland.
Give directly from your IRA to charity and reduce your taxable income.
You must be 70 ½ and older
Distributions must be made directly from the IRA to a qualified charity
Your taxable income can be reduced by up to $100,000, the maximum allowable
Only traditional IRA accounts are eligible. The IRA Qualified Charitable Distribution cannot be used with other retirement plans such as a 401(k), 403(b) or a SEP IRA
Transfers cannot be made to Donor-Advised Funds, Charitable Gift Annuities, or other life-income arrangements
SOURCE & MORE INFO www.catholiccommunity.org/ways-to-give/ira-qualified-charitable-distribution
Plan. Give. Bless.
Questions on end of year giving? Wondering what a QCD or RMD is? Want to learn more about the Angel Scholarship Fund? Parishioner and Financial Advisor, James Collins, developed the presentation below to answer these questions and more. James is a man of faith, family, freedom and finance.He is also a Major in the US Marine Corps, the founder and president of Semper Fidelis Financial.
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