The Immaculate Conception Endowment Fund, Inc., is a nonprofit organization formed in 1995 to allow parishioners to make lasting gifts to Immaculate Conception Catholic Church of Jefferson City. Those tax-deductible gifts to the Fund help strengthen the financial reserves of the Parish and are carefully invested and managed. Each year, the Fund makes a distribution to the parish to help meet the ongoing needs of the parish and school. With your help, we can continue to grow the Fund, and increase the amount of financial support it provides the parish each year. Your gift will truly keep on giving!
Many families have included the Endowment Fund as the suggested donation in memory of a deceased family member. We encourage all families to consider this in their current and future financial planning. The Endowment Fund has grown substantially from the generous bequests of estates of some of our deceased parishioners and benefactors. Please consider the IC Endowment Fund in your annual contributions and when you are making your estate plans.
In 2019, the Endowment Fund made a distribution of $75,000 to the school, bringing our total distribution to the school to $845,000.
IC Endowment Fund FAQ's
- What is the Endowment Fund?
It is a separate nonprofit charitable organization with tax exempt 501c3 status formed in 1995 that is designed to accept donations from IC parishioners for the benefit of IC. Money from the Fund is disbursed to the parish annually and used for the benefit of the parish and the school. According to its Articles of Incorporation (1995), the Fund was established "to collect and manage funds to strengthen the financial reserves of Immaculate Conception Parish and assure an orderly continuation of its ministries.
- What does the Fund do with the money?
The Fund's Board has adopted a reasonably conservative, yet balanced, long-term investment strategy in order to make sure the Fund continues to be a reliable source of assistance for the parish into the future. Our Investment Committee works closely with two professional investment managers to ensure our investments meet or exceed the benchmarks set forth in our Investment Policy.
- Who is in charge of the Fund?
The Fund's Board includes 9 current parishioners who volunteer their time to maintain the Fund, with the assistance of professional financial/investment advisors.
- Why do we need a separate Fund like this?
Think of it like a long-term savings account for the parish, which is designed to grow over time and continue to make even larger annual contributions to the Parish as it grows.
- How do I contribute?
Ways to contribute include:
- Use the Endowment Fund envelope the parish sends out each month
- Authorize an ACH withdrawal by using the parish's 2016 Stewardship Form
- Call the parish at 635-6143
- Contact one of the Committee members
- Estate planning options
- Through a Qualified Charitable Distribution (QCD), which allows IRA holders, age 70 ½ or older, to donate to a qualified charity from their Traditional or Roth IRA (including inherited) tax-free
- Are my contributions tax-deductible?
Yes, the Fund is set up as a 501c3 for that reason.
Are you 70 ½ or older? Donate your IRA Distributions Directly to the IC Endowment Fund
Qualified charitable distributions (QCDs) have been permanently extended, which gives you another reason to consider a contribution to the Immaculate Conception Endowment Fund. Individuals can donate up to $100,000 per year directly from a traditional IRA to qualifying charities like the endowment fund. This is attractive to some investors because QCDs can be used to satisfy required minimum distributions (RMDs) from an IRA without having the distribution included in their income.
When the IRA holder reaches the age of 70 ½, a QCD may be made directly from their IRA to a qualified charity. Making a QCD provides an opportunity to make a charitable contribution that you might otherwise not have been able to make and/or receive potential tax benefits for charitable contributions that you are already making. Since itemization may no longer be as beneficial as it once was, this is a way to bypass taxes on your charitable contributions. You should consult your tax advisor and estate-planning attorney about your situation. Contribution details you will need: Immaculate Conception Endowment Fund, c/o Marty Miller, 1206 E. McCarty St., Jefferson City, MO, 65101.
A gift to the endowment fund is a lasting gift to Immaculate Conception Catholic Church. These gifts help strengthen the financial reserves of the parish, and are carefully invested and managed. The Fund makes a distribution to the parish annually to help meet the ongoing needs of the parish and school. Questions? Contact Corey Luetkemeyer (Corey.Luetkemeyer@edwardjones.com) or Tory Brondel (firstname.lastname@example.org), members of the endowment fund finance committee.