Roman Catholic 
Diocese of Ogdensburg

Mission Statement

Endowment Gifts

An Endowment Fund is the best way for you to provide a perpetual source of revenue for your Parish, School, favorite Ministry or Program of the Diocese or Missionary Projects of the Diocese. The principal of your gift remains on deposit and continues to grow, while every year the Catholic organization you’ve  chosen receives income from your gift forever. An endowment may be opened with a contribution of cash, securities or other property, and may be added to at any time by you or someone else wishes to contribute the same organization.

You, as a donor, may choose to establish a restricted or unrestricted endowment fund, or both. You may assign your gift to your own Parish for its use in any manner you designate or to any other Catholic organization that you wish. You may also request that your donation simply be used to provide the greatest good to the greatest number as an unrestricted gift.

Established Endowments

Annual Report

How it Works

Methods of Giving

Type of Gift

Outright Gift

Bequest

Charitable Gift Annuities

Insurance Policies

Form of Gift

  • Cash
  • Stocks/securities
  • Real estate
  • Insurance
  • Cash
  • Real estate
  • Personal property
  • Percentage of estate
  • Remainder of estate
  • Cash
  • Stocks/securities
  • Real estate
  • Name The Foundation as policy owner and/or beneficiary

Benefit to Church

  • Perpetual income
  • Interest income use by parishes, schools and organizations in diocese
  • Bequest will be held in perpetuity and invested to fund Church needs as designate by the donor
  • Upon the death of the donoror last surviving annuitant remaining assets generate interest income for the Church
  • The Foundation receives full face value of policy upon death of the donor, or may receive current surrender value prior to donor’s death

Benefit to You

  • Income tax deduction
  • No capital gains tax on Appreciated gifts
  • Possible estate tax deduction
  • Opportunity to make aperpetual gifts
  • Possible estate tax deduction
  • Opportunity  to make a perpetual gift
  • Opportunity to make substantial future gift to Church at current manageable cost
  • Income tax deduction for value of the policy when transferred
  • Premium payments may be deducted as gifts

Charitable Remainder Trust

Charitable Lead Trusts

Retirement Plan/IRA

  • Cash
  • Stocks/securities
  • Real estate
  • Cash
  • Stocks/securities
  • Real estate
  • Name The Foundation as beneficiary of death benefit
  • The Foundation receives substantial future gift to support the work of the  Church and the charities  named by the donor
  • Income for duration of trust helps Church meet spiritual and human needs that exceed the capabilities of most parishes, schools and organizations
  • Significant gift upon death of donor
  • Variable or fixed income
  • Option to defer income
  • Income tax deduction
  • Reduction of estate taxes
  • No capital gains tax on appreciated gift (or deferred in some instances)
  • At end of trust period, principal returns to donor or heir
  • Principal can pass to others with little or no shrinkage
  • Tax deduction
  • Opportunity to make a major gift
  • Estate and income taxsavings

Contact

Scott Lalone
Executive Director

315-393-2920 Ext. 1330

slalone@rcdony.org